Address
1030 Elmwood Avenue, Buffalo, NY
Price
$ 1,390,000
Property Attributes
  • MLS#B1505585
  • TypeCommercial
  • CountyERIE
  • CityBuffalo
  • AreaBuffalo City
  • Zip14222
  • StyleCommercial
  • Year Built1900
  • Taxes$ 8396
  • Price$ 1,390,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7164
  • Lot Size6,000 SqFt
Data Source:
Central New York Information Services (CNYIS)
Property Description

For Sale - A remarkable 6-unit apartment building in the heart of the Elmwood Village. This property has undergone a complete renovation and every interior surface is brand new. With a diverse unit composition, this building consists of 4 spacious three bedroom units and 2 comfortable two bedroom units. Investors will find tremendous value and potential in this property. Located near Bidwell Parkway, tenants will have easy access to numerous shopping, dining, entertainment, and public transit these units will have high demand to limit vacancies. The building’s historic exterior maintains the charm of the area, and two level porches provide outdoor space for four of the units, new concrete pad allows for resident parking at the buildings rear. Whether new to real estate investing or experienced, this asset will make a great addition to any portfolio presenting a fantastic opportunity to capitalize on the growing demand for quality rental properties in Buffalo, NY.

Price History
10/20/2023 Listed $1,499,000
1/22/2024 8% - $1,390,000

General Features

Sewer Connected
Heating Gas,ForcedAir
Utilities CableAvailable,SewerConnected,WaterConnected
Possession CloseOfEscrow
Roof Asphalt,Shingle
Appliances Dishwasher,FreeStandingRange,Freezer,GasWaterHeater,Microwave,Oven,Refrigerator
Exterior Features ConcreteDriveway
Garage Spaces 0.0
Construction Materials Frame,WoodSiding
Year Built 1900
Stories 3
Township Not Applicable
Property SubType Commercial
OwnerPays Water
Community Features StorageFacilities
County Erie
Net Operating Income -8396.0
Property Type CommercialSale
Garage Y/N No
Rent Includes Water
Status Active
Directions From 198,south on Elmwood between Bird & Potomac
City Buffalo
High School District Buffalo
Total Units 6
MLS Area Buffalo City-140200
Lot Size Square Feet 6000.0
Waterfront Y/N No
Street Name Elmwood
Year Built Details Existing
Tax Annual Amount 8396.0
Property Condition Resale
Days on Market 94
Standard Status Active
Middle/Junior School District Buffalo
Elementary School District Buffalo
Tax Assessed Value 351000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 12
Property Sub Type Additional Commercial

Interior Features

Basement Full
Flooring Hardwood,Varies
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Avenue
Total Bedrooms 6

Exterior Features

Parking Features Driveway,NoGarage
Lot Features NearPublicTransit
Water Source Connected,Public
Building Area Total 7164.0
Lot Dimensions 40X150
Lot Size Units Acres
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 14222

Price
AVG $1.05M
$1.39M
Taxes
AVG $9,391
$8,396
Visits
AVG 62
64
Data Provided by Inside Real Estate®
Year Built
AVG 1906
1900
Walkscore
AVG 89
88
Data Provided by Walkscore® not using MLS data

Your Agent

Alexandria Purnell

Licensed Real Estate Salesperson

585-798-9898

Listed By
Michael R Scheid with HUNT Commercial Real Estate Corp. of Buffalo New York;

Areas We Cover

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