299 Richmond Ave, Buffalo, NY 14222

Description

Welcome to 299 Richmond Avenue, located in the heart of Buffalo’s highly desirable Elmwood Village District! An exceptional opportunity for investors or owner-occupants looking for a multi-unit property in a prime location! Enjoy the convenience of being within walking distance to the vibrant Elmwood Village, featuring popular restaurants, boutique shops, cafés, and numerous amenities. This well-maintained 3-unit property offers the exciting potential for a fourth unit, featuring over 1,000 additional square feet of living space that is nearly completed and awaiting the finishing touches from its new owner. An incredible opportunity to maximize rental income potential! The property currently features two one-bedroom units, each offering its own unique character and charm. The spacious second-floor main unit boasts three bedrooms, beautiful original woodwork, hardwood floors, generous living quarters, a family room, living room, formal dining room, and full kitchen. Enjoy the additional outdoor living space with a front balcony/patio off the second-floor unit and a welcoming covered front sitting porch on the first floor. Throughout the property, you’ll appreciate the beautiful historic architectural details and craftsmanship that have been preserved, giving each apartment its own distinctive personality. Recent improvements include freshly painted exterior in 2026, newer architectural shingle roof approximately six years old, and updated electrical service panels & meters for all units. Additional highlights include off-street parking for tenants and a three-car garage offering excellent storage possibilities or potential additional rental income. Two of the three existing units are currently occupied with month-to-month tenants, providing flexibility for the next owner. Location, character, and tremendous income potential all in one! Whether you’re looking to expand your investment portfolio or owner-occupy while generating rental income, this Elmwood Village property is an opportunity you won’t want to miss!