Properties

432 Richmond Avenue
Buffalo, New York NY 14222
$500,000 Sold For
Closed Status
5 Bedrooms
8,016 SqFt
0.303 Acres
B1457433 Listing ID
**ELMWOOD STRIP JUST STEPS AWAY! 14222 ZIP CODE**RETIRING SELLER OFFERING THIS OUTSTANDING 7 UNIT TROPHY PROPERTY** CONSISTS OF A 5 APT MAIN HOME (432 RICHMOND) WITH TWO (2) BED UNITS, ONE (1) BED UNIT, AND 2 STUDIOS. THE 1,200sq ft 1ST FLOOR UNIT IS STUNNING, AND FEATURES GORGEOUS NATURAL WOODWORK, A LARGE BRAND NEW KITCHEN & BATH, AS WELL AS IN-UNIT LAUNDRY! THE 2 UNIT REAR HOUSE (434 RICHMOND) CONSISTS OF TWO BEAUTIFULLY RENOVATED (2) BED APTS WITH LAUNDRY IN-UNIT. NUMEROUS MAJOR UPDATES WITHIN THE LAST 10 YRS INCLUDING ROOF, GUTTERS, SIDING, HEATING/HOT WATER SYSTEMS, AND SEWER LINE. 6 OF THE 7 APTS HAVE BEEN COMPLETELY RENOVATED BY A LICENSED CONTRATOR WITH IMPECCABLE WORKMANSHIP. GREAT LONG TERM TENANTS WITH OWNER OCCUPANCY POTENTIAL. SELLER WOULD ENTERTAIN "OWNER HOLD" FINANCING. SHOWINGS BY APPOINTMENT ONLY. ALL SHOWINGS MUST PROVIDE CURRECT BANK LETTER OR PROOF OF FUNDS. THIS PROPERTY IS NOT TO BE MISSED, AND WOULD BE THE PERFECT ADDITION TO AN INVESTORS PORTFOLIO.
Status Closed
Sold Date 7/14/2023
County Erie
Subdivision South Vlg/Black Rock
Year Built 1910
Property Type Commercial Sale
Commercial Sale
Property Sub Type Commercial

Primary Features

County: Erie
Property Sub Type: Commercial
Property Type: Commercial Sale
Subdivision: South Vlg/Black Rock
Year Built: 1910

Location

Building Area Source: Public Records
City Region: Elmwood Strip
Directions: LOCATED ON RICHMOND AVE, DIRECTLY ACROSS FROM HIGHLAND AVE., SOUTH OF WEST FERRY.
Elementary School District: Buffalo
High School District: Buffalo
MLS Area Major: Buffalo City-140200
Middle Or Junior School District: Buffalo
Postal City: Buffalo
Township: Not Applicable
Waterfront: no

Financial

Buyer Financing: Seller Financing
Gross Income: 91680
Listing Terms: Cash, Conventional
Net Operating Income: 66038
Operating Expense: 14506
Operating Expense Includes: Electric, Insurance, Maintenance Structure, Maintenance, Trash, Utilities, Water/Sewer
Owner Pays: Grounds Care, Hot Water, Snow Removal, Trash Collection, Water
Possession: Close Of Escrow
Rent Includes: Common Area Maintenance, Hot Water, Snow Removal, Trash Collection, Water
Special Listing Conditions: Standard
Tax Annual Amount: 11136
Tax Assessed Value: 475000
Tax Lot: 2

Interior

Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Basement: yes
Basement Type: Full
Cooling: yes
Cooling Type: Central Air
Fireplace: no
Flooring: Carpet, Hardwood, Tile, Varies
Furnished: Unfurnished
Heating: yes
Heating Type: Gas, Baseboard, Forced Air, Hot Water
Laundry Features: Washer Hookup
Levels: Two
Living Area: 8016
Stories: 2
Stories Total: 2

External

Construction Materials: Wood Siding
Electric: Circuit Breakers
Exterior Features: Concrete Driveway
Lot Features: Near Public Transit, Residential Lot
Lot Size Area: 0.3025
Lot Size Dimensions: 40X117
Lot Size Square Feet: 13176
Lot Size Units: Acres
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 3
Number Of Units Total: 7
Parking Features: Three or more Spaces, Shared Driveway
Road Frontage Type: City Street
Roof: Asphalt, Shingle
Sewer: Connected
Utilities: Sewer Connected, Water Connected
Water Source: Connected, Public

Additional

CLIP: 1024326417
Human Modified: no
Listing Association: Buffalo
Mls Status: Closed
Permission: IDX
Property Condition: Resale
Property Sub Type Additional: Commercial
Year Built Details: Existing

Zoning Info


Contact - Listing ID B1457433

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Mary O'Brien

2746 Delaware Ave
Kenmore, NY 14217
Phone: 716-583-4445
Phone Alt: 716-998-9332
Fax: 716-874-3729

Data services provided by IDX Broker
{"page":"listing","idxID":"c017","listingID":"B1457433","extra":"432-Richmond-Avenue-Buffalo-NY-14222","type":"detailsContact"}
https://kendevrealty.com
details.php
https://search.kendevrealty.com
details