1080 Elmwood Avenue Buffalo NY 14222 | B1446588

1080 Elmwood Avenue. Rare curvy Art Deco Triplex Apartment Building in the heart of The Elmwood Village. Located across the street from the newly built $30 Million Private Residences at 1111 Elmwood Avenue. Location Prevails, Follow the Developers, it leads to “Mighty Returns” for years to come. Decades of cultural lineage allowing walk distance to local shops, boutiques, galleries, markets and more. Verandas and balconies offer each unit incredible outdoor space along the front of the entire property making your apartments highly desirable and easy to rent. Almost 4,000 square feet of livable space. Historical Rents are $2,000, $2,000, and $1,500 or consider incremental Short Term Rental to maximize your Returns. Plenty of off street parking in the rear of the property. Perfect opportunity to capture Home Ownership and have Tenants help with the mortgage. For the Investor Minded, this is a great addition for your portfolio for now and decades to come. Seller would consider holding a mortgage for agreeable terms. Currently all apartments are vacant so it’s easy to show and easier to make your own! Schedule a showing today!

Property Details

Price:
$669,000
MLS #:
B1446588
Status:
No Longer Available
Beds:
7
Baths:
3.00
Address:
1080 Elmwood Avenue
Type:
Multi Family
City:
Buffalo
Listed Date:
Nov 28, 2022
State:
NY
Square Ft (approx):
3,816
ZIP:
14222
Subdivision:
Elmwood Strip
Lot Size:
6,150 sqft / 0.14 acres (approx)
Year Built:
1900

Schools

School District:
Buffalo

Interior

Appliances
Gas Water Heater
Cooling
Central Air
Fireplaces Total
3
Flooring
Hardwood, Marble, Varies
Heating
Gas, Forced Air

Exterior

Construction Materials
Shake Siding
Exterior Features
Balcony
Parking Features
Twoor More Spaces
Roof
Asphalt

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$-4,558
Taxes
$4,558

Map

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