343 Richmond Avenue, Buffalo, NY 14222

New - 28 Hours Ago
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Property Description

Welcome to 343 Richmond Avenue, a well-maintained 4-unit multifamily property offering classic Buffalo character, spacious apartments and an exceptional location near the Elmwood Village. The property features a versatile mix of a 1BR/1BA, 2BR/2BA and two 3BR/1BA apartments, making this an excellent opportunity for both investors and owner-occupants. Each unit offers a unique layout with generous living spaces, good-sized bedrooms and functional kitchens and baths. Throughout the property you'll find beautiful original character including hardwood floors, detailed natural woodwork, original trim, built-in shelving, decorative leaded glass and other architectural details. The larger living areas offer plenty of space and natural light, while the variety of floor plans provides flexibility for attracting a wide range of tenants. The property has been well maintained with updated mechanical systems and updated electric service panels. All four units are separately metered for gas and electric, providing a clear and efficient setup for the next owner. The basement provides dedicated space for the building's mechanicals and laundry, with multiple furnaces, hot water tanks and separate electrical panels serving the apartments. A major advantage for the next owner is the currently vacant 3BR/1BA apartment. An owner-occupant can move into the vacant unit while renting the other three apartments, creating an excellent opportunity to have rental income help offset the cost of ownership. For investors, the vacant unit provides an immediate opportunity to place a new tenant while maintaining three additional income-producing apartments. The location is hard to beat, just minutes from the Elmwood Village, Five Points and an abundance of restaurants, coffee shops, shops and entertainment. With its spacious unit mix, updated mechanicals, separate utilities, classic architectural details and one unit already vacant for an owner-occupant or new tenant, 343 Richmond Avenue offers flexibility and opportunity in one of Buffalo's most desirable urban locations.

343 Richmond Avenue | MLS# B1707079

This multi-family property located at 343 Richmond Avenue, Buffalo, NY 14222 is currently listed for sale with an asking price of $629,900. Richmond Avenue is located within the Buffalo school district. Search Buffalo real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 3.0
Taxes: $9,640
Year Built: 1900

Amenities

Attic
Ceiling Fan(s)
Natural Woodwork
Fence

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Composite Siding, Copper Plumbing, PEX Plumbing
Fencing: Partial
Flooring: Carpet, Hardwood, Tile, Varies
Laundry: Washer Hookup
Lot: Near Public Transit, Rectangular, Rectangular Lot
Lot Dimensions: 31X115
Parcel#: 140200-100-370-0009-019-000
Parking: No Driveway, On Street
Parking Notes: No Driveway, On Street
Sewer: Connected
Units: 4
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public
Window: Leaded Glass

Local Schools

School District: Buffalo

Estimate Your Payment

Estimated Payment

$ 2,388.94 per month $1,401.88 Principal & Interest $803.33 Property Tax $183.72 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: HUNT Real Estate ERA
Agency Contact: 716-807-6401

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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