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423 Forest Avenue, Buffalo, NY 14213

$629,000
: 6
BD
: 6,498
SqFt

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List Price: $629,000
Status: ACTIVE
Days on Market: 16
MLS#: B1714370
Subtype: Multi Family
Year Built: 1910
Bedrooms: 6
Living Area: 6,498
Lot Size: 3,950
Acres: 0.09
Subdivision: Buffalo
Neighborhood: Buffalo
MLS Area Major: Buffalo City

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Property Description

Prime location meets strong investment potential in this fully renovated 6-unit residential rental property. Situated just steps from Buffalo’s vibrant Elmwood Village and within close proximity to Buffalo State University, the Albright Knox Art Museum (AKG), Burchfield Penney Art Center, and Buffalo Historical Museum. Completely renovated in 2014, the Forest Avenue Lofts offers a desirable blend of updated finishes and long-term rental stability. Improvements include updated kitchens and baths, plumbing, electrical, windows, and roof, providing peace of mind for ownership and continued appeal to tenants. The property features four spacious 2-bedroom apartments and two 3-bedroom apartments, offering a versatile unit mix attractive to a broad range of renters. Shared laundry adds convenience for residents. The property has been continuously occupied by long-term tenants, providing an established rental history and a strong foundation for an investor seeking a well-maintained, income-producing asset. With its exceptional location, substantial 2014 renovations, desirable unit mix, and proximity to some of Buffalo’s most prominent cultural, educational, and neighborhood amenities, this is an excellent opportunity to acquire a stabilized 6-unit residential investment in one of the city’s most sought-after areas.

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Additional Information

Exterior Features: Deck
Taxes: $10,377
Flooring: Ceramic Tile, Hardwood, Varies
Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Heating: Gas, Forced Air
Air Conditioning: Central Air
Stories: 3
Roof: Flat, Membrane, Rubber
Parking Features: None, No Driveway, No Garage
School District: Buffalo