About 423 Forest Avenue
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.
Features of 423 Forest Avenue
| MLS® # | B1714370 |
|---|---|
| Price | $629,000 |
| Bedrooms | 6 |
| Bathrooms | 0.00 |
| Square Footage | 6,498 |
| Square Footage | 3950 |
| Acres | 0.09 |
| Year Built | 1910 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 423 Forest Avenue |
|---|---|
| Area | Buffalo City |
| Subdivision | Elmwood Strip |
| City | Buffalo |
| County | Erie |
| State | NY |
| Zip Code | 14213 |
Amenities
| Utilities | Sewer Connected, Water Connected, Common Area Maintenance, Trash Collection, Water |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | None, No Driveway, No Garage |
| Garages | None, No Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Ceramic Tile, Hardwood, Varies |
|---|---|
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Gas, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Partial |
Exterior
| Exterior | Frame, Vinyl Siding |
|---|---|
| Exterior Features | Deck |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Flat, Membrane, Rubber |
| Construction | Frame, Vinyl Siding |
School Information
| District | Buffalo |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Howard Hanna WNY Inc. |
|---|---|
| Contact Info | 716-713-5045 |