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1096-1098 Elmwood Ave 1096 Elmwood Ave 6 Unit Apartment Building $1,399,000 ($233,167/Unit) Buffalo, NY 14222
INVESTMENT HIGHLIGHTS
- Dependable, cash flowing mixed use 6 unit property in the Elmwood Village
EXECUTIVE SUMMARY
Two-Building Mixed-Use Investment in the Elmwood Village
FOR SALE Two solid commercial/apartment buildings for a total of six units located in one of the city’s best walkable neighborhoods near popular shops, bars, restaurants and SUNY Buffalo State University.
• Front building consists of a well established fast food, sit down restaurant along with two 4-bedroom apartments and a 2-bedroom apartment.
• Rear building has two 2-bedroom apartments along with a possible 3rd floor studio apartment/office that could be created for additional income.
Building Highlights: Never a vacancy in the 12 years of ownership • 4 years remaining on restaurant lease, with 5 yr. option. Very consistent sales • Tenants pay gas & electric except for two apartments where owner pays electric • 5-7 yr old roof • Newer tankless hot water systems • Circuit breakers • Low maintenance vinyl siding • Public parking nearby • Security systems • Washer/dryers in basement • Porches and balcony in rear building overlooking courtyard • Rents under market with great upside potential!
FOR SALE Two solid commercial/apartment buildings for a total of six units located in one of the city’s best walkable neighborhoods near popular shops, bars, restaurants and SUNY Buffalo State University.
• Front building consists of a well established fast food, sit down restaurant along with two 4-bedroom apartments and a 2-bedroom apartment.
• Rear building has two 2-bedroom apartments along with a possible 3rd floor studio apartment/office that could be created for additional income.
Building Highlights: Never a vacancy in the 12 years of ownership • 4 years remaining on restaurant lease, with 5 yr. option. Very consistent sales • Tenants pay gas & electric except for two apartments where owner pays electric • 5-7 yr old roof • Newer tankless hot water systems • Circuit breakers • Low maintenance vinyl siding • Public parking nearby • Security systems • Washer/dryers in basement • Porches and balcony in rear building overlooking courtyard • Rents under market with great upside potential!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Basement
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1 | 2 | - | - |
| 2+1 | 3 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 140200-089-610-0004-009-000 | Total Assessment | $426,000 |
| Land Assessment | $47,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $378,100 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
140200-089-610-0004-009-000
Land Assessment
$47,900
Improvements Assessment
$378,100
Total Assessment
$426,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1096-1098 Elmwood Ave | 1096 Elmwood Ave
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