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2867 Niagara Street

Tonawanda-Town, NY 14207
  • $375,000
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: B1389912
UPDATED: 16 min ago
$375,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,878
    SQFT
  • $55
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Investor special with A+ location overlooking the Niagara River, with approximately $50,000 in net operating with a 100% occupied building with an on site manager. This property is currently operating as a profitable "rooming house" with an opportunity to acquire surrounding sites and control a block of real estate in Tonawanda, overlooking the water, with no height restrictions in the building code, with ability to build 40,000 SF floor plates, in an opportunity zone, and potential brownfield tax credits. This parcel includes 2 buildings, consisting of 5 apartments and 12 rooms and consistently maintains 91% occupancy. The property also consists of 2 garages one attached and one detached and is mechanically sound! Potential Gross Income: $79,780.00. Gross Expenses: $25,271.79. Net Income: $47,194.21. 24 hr notice required for showings. Also listed as MLS#B1389869

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©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Serota Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Serota Real Estate LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-07-03T19:14:09.773.
www.serotarealestatellc.com/homes/126017363
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2867 Niagara Street Tonawanda-Town, NY 14207

  • Price: $375,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 16 min ago
  • MLS #: B1389912
0
Beds
0
Baths
0
½ Baths
0.36
Acres
6,878
SQFT
$55
$/SQFT
1930
Built
Neighborhood:
Tonawanda-Town-146489
County:
Erie
Area:
Tonawanda-Town-146489
School District:
Kenmore-Tonawanda Union Free District
Property Description
Investor special with A+ location overlooking the Niagara River, with approximately $50,000 in net operating with a 100% occupied building with an on site manager. This property is currently operating as a profitable "rooming house" with an opportunity to acquire surrounding sites and control a block of real estate in Tonawanda, overlooking the water, with no height restrictions in the building code, with ability to build 40,000 SF floor plates, in an opportunity zone, and potential brownfield tax credits. This parcel includes 2 buildings, consisting of 5 apartments and 12 rooms and consistently maintains 91% occupancy. The property also consists of 2 garages one attached and one detached and is mechanically sound! Potential Gross Income: $79,780.00. Gross Expenses: $25,271.79. Net Income: $47,194.21. 24 hr notice required for showings. Also listed as MLS#B1389869
Exterior Features

Construction Materials Vinyl SidingWood Siding Garage YN Yes Lot Features Near Public Transit Parking Features Parking AvailableTwo Or More Spaces Road Frontage Type Main Thoroughfare Roof AsphaltMembraneRubber Waterfront YN No

Interior Features

Appliances Gas Water Heater Basement Full Fireplace YN No Fireplaces Total 0 Flooring CarpetVariesVinyl Heating GasForced AirHot Water Heating YN Yes

Property Features

Listing Terms Cash Possession Closing Property Sub Type Multi Family Rent Includes OtherSee Remarks Sewer Connected Special Listing Conditions Standard Tax Annual Amount 8301 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic Zoning Description Other - See Remarks

Chautauqua-Cattaraugus Board Of Realtors logo Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing provided by Ryan Burke of Keller Williams Realty Wny : 716-832-3300.
©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Serota Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Serota Real Estate LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-07-03T19:14:09.773.
 
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