20 Richlawn Avenue, Buffalo, NY 14215

Property Description

An exceptional opportunity to acquire a well-maintained, income-producing 2 unit with strong rental fundamentals and additional land included. Offering 1,920 square feet of living space, this property provides the flexibility to generate income from both units or occupy one residence while offsetting expenses with rental income from the other. A significant added benefit is the separate 30' x 121' vacant lot, included with the sale. The additional parcel creates potential for future use, expansion, or other investment strategies, subject to applicable zoning and approvals. The lower unit has been thoughtfully renovated while preserving the property's original character, featuring custom kitchen cabinetry, natural woodwork, replacement windows, and a beautifully updated bathroom. The upper unit also benefits from replacement windows, enhancing energy efficiency and long-term tenant appeal. Major capital improvements further strengthen the property's investment profile, including a tear-off roof completed more than seven years ago, blown-in insulation, newer furnaces, and new hot water tanks installed in 2026. Each unit also features its own private porch, providing desirable outdoor space for residents. The property is currently occupied by long-term tenants who have expressed a desire to remain, offering an opportunity for continued rental income from day one with established tenancy already in place. With established rental demand, meaningful capital improvements, quality updates, and a vacant lot offering additional potential, this property presents a compelling opportunity for investors seeking an income-producing asset with both current cash-flow potential and long-term value creation opportunities