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- Description
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Street View
$529,900
6 Beds
- 4 Baths
4 full baths
5,125sqft
399 S Elmwood Ave, Buffalo, NY 14201
$529,900
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Multi Family
Built in 1890
$-- HOA
0.15 acre lot
$103/sq.ft
Description
Seize the opportunity to acquire this 4-unit side-by-side brick multifamily hiding in plain sight in one of Buffalo's most central and convenient locations. Situated at 399 S. Elmwood Ave. in downtown Buffalo (Accessible from Virginia Ave), this 5125 sq ft income property on 6400 SF lot offers tremendous value-add potential with below-market rents and expense improvement opportunities, creating a clear opportunity to increase cash flow and enhance long-term returns immediately. Actual Gross Income of $51,420 annually, potential gross of $71,400 (7.72% CAP RATE). Its prime location places tenants just minutes from Downtown Buffalo, the Buffalo Niagara Medical Campus, Allen...
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Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1890
HOA Fees
-
Finished Area
5,125 sqft
Lot Size
0.15 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
B1701476
MLS Status
Pending
Days on Market
43
Cumulative Days on Market
13
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