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291 Bryant Street, Buffalo, NY 14222

$1,050,000
: 9
BD
: 7,074
SqFt

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List Price: $1,050,000
Status: ACTIVE
Days on Market: 15
MLS#: B1721966
Subtype: Multi Family
Year Built: 1930
Bedrooms: 9
Living Area: 7,074
Lot Size: 4,200
Acres: 0.10
MLS Area Major: Buffalo City

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Property Description

Fully leased seven-unit mixed-use building in the heart of the Elmwood Village, steps off Elmwood Avenue's shops, cafes and restaurants. Gut-renovated in 2022 into six modern apartments (three 1BR/1BA and three 2BR/1BA) over a ground-floor storefront leased to an art studio and gallery through 7/31/2027. Apartments feature hardwood floors, recessed lighting, updated kitchens with stainless appliances and tiled baths. Scheduled rent is $9,900/month ($118,800/year), and the apartments average $1,400 in place, below prevailing Elmwood Village rents, so there is upside as units turn. Separate gas and electric meters, tenants pay their own; the owner pays only water and sewer. Three stories on a 30 x 140 lot with a municipal parking lot next door. Turnkey income in one of Buffalo's most in-demand rental neighborhoods. Rent roll and operating statement available to qualified buyers. Tenant occupied: showings by appointment only with 24-hour notice.

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Additional Information

Taxes: $10,525
Flooring: Hardwood, Tile, Varies
Appliances: Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood
Heating: Gas, Forced Air
Stories: 3
Roof: Flat, Shingle
Parking Features: None, No Garage
School District: Buffalo