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.

Property Features

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