NOT LISTED FOR SALE

432 Richmond Ave Buffalo, NY 14222

West Side Neighborhood
5 Beds
1 Bath
8,016 Sq Ft
0.3 Acres

Last Sold July 14, 2023

Last sale price $500,000 $62 Per Sq Ft

91 Days on Market

Highlights

  • 0.3 Acre Lot
  • Wood Flooring
  • Baseboard Heating
  • Property is near public transit
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of July 2023

**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.

Last Agent to Sell the Property

Mike Hartke

Listing by Howard Hanna WNY Inc Brokerage Phone: 716-713-5045 License #40HA1118942 Listed on: 02/28/2023

Howard Hanna WNY Inc

Last Buyer's Agent

Raymond Smith

Listing by Buffalo First Realty Group Inc License #40SM1090023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,136

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 40x117

Home Design

  • Wood Siding

Interior Spaces

  • 5 Bedrooms
  • 8,016 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Shared Driveway

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes common area maintenance, hot water, snow removal, trash collection, water
  • Tax Lot 2
  • Assessor Parcel Number 140200-099-440-0006-002-000

Community Details

Overview

  • 7 Units
  • South Vlg/Black Rock Subdivision

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $14,506
  • Gross Income $91,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,136

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Hot Water, Snow Removal, Trash Collection, Water
  • Year Built: 1910
  • Attribution Contact: 716-713-5045
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: South Vlg/Black Rock
  • Directions: LOCATED ON RICHMOND AVE, DIRECTLY ACROSS FROM HIGHLAND AVE., SOUTH OF WEST FERRY.
  • Flooring: Carpet, Hardwood, Luxury Vinyl, Tile, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Commercial
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.3025
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Concrete Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, Shared Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Baseboard, Forced Air, Hot Water
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-099-440-0006-002-000
  • Lot Dimensions: 40X117
  • Lot Size Sq Ft: 13176.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 91680.0
  • Annual Operating Expense: 14506.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 11136.0
  • Tax Lot: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $500,000 -41.1% $62 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $849,500 0.0% $106 / Sq Ft
09/01/2019 09/01/19 Rented $975 0.0% --
08/06/2019 08/06/19 Under Contract -- -- --
07/12/2019 07/12/19 For Rent $975 -39.1% --
01/30/2019 01/30/19 Rented $1,600 0.0% --
01/22/2019 01/22/19 For Rent $1,600 -- --
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Hartke

    Seller's Agent in 2023

    Mike Hartke

    Howard Hanna

    (716) 713-5045

    4 in this area

    164 Total Sales

    Mike Hartke
    Section Image
  • Raymond Smith

    Buyer's Agent in 2023

    Raymond Smith

    Buffalo First Realty Group Inc

    (716) 903-8279

    3 in this area

    85 Total Sales

    Raymond Smith
    Section Image

  • N

    Buyer's Agent in 2019

    Nicole Novack

    Real Broker NY LLC

    (716) 499-1494

    2 Total Sales

    Nicole Novack
    Section Image
  • Maxine Destefano

    Buyer's Agent in 2019

    Maxine Destefano

    MJ Peterson Real Estate Inc.

    (716) 912-8140

    46 Total Sales

    Maxine Destefano
    Section Image
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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1457433

Western New York Real Estate Information Services (WNYREIS)
New York Erie County Buffalo 14213 West Side

432 Richmond Ave, Buffalo, NY

This home is located at 432 Richmond Ave, Buffalo, NY 14222 since 28 February 2023. This property was built in 1910. 432 Richmond Ave is a home located in Erie County with nearby schools including Buffalo Creek Academy Charter School, Nardin Academy, and Nardin Academy High School.

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