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Key Details
Sold Price $352,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $43
Subdivision Holland Land Companys
MLS Listing ID B1456595
Sold Date 08/22/23
Construction Status Existing
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,976
Lot Size 3,179 Sqft
Acres 0.073
Lot Dimensions 30X106
Property Description
Great investment opportunity awaits in Niagara Falls! This all brick building has been renovated inside and out. This property consists of 5 residential units and 1 storefront on the ground level. The residential units are composed of THREE 2 bedroom units and TWO 3 bedroom units. The building has recently been vacated and updated for the sale. Currently, only the storefront and 1 residential unit are occupied (same family.) Significant improvements include brand new roof ('22), updated electric and vinyl windows throughout. Each unit has been renovated including beautifully tiled bathrooms in each. This property is mechanically and structurally sound. Once vacancies are filled this building will cash flow. This building is being sold at a 12.45% cap rate (using Niagara Falls section 8 leased housing payment standards for vacant units). Also listed as 5+ Unit Apartments MLS#B1455701
Location
State NY
County Niagara
Community Holland Land Companys
Area Niagara Falls-City-291100
Zoning C1-A
Direction Directly on Niagara St, between 22nd and 23rd St.
Rooms
Basement Full
Interior
Heating Gas, Baseboard, Forced Air
Cooling Central Air
Flooring Hardwood, Varies
Fireplace No
Exterior
Utilities Available Water Connected
Roof Type Flat,Membrane,Rubber
Total Parking Spaces 1
Building
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Construction Status Existing
Schools
School District Niagara Falls
Others
Tax ID 291100-159-041-0001-017-000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Standard
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Bought with HUNT Real Estate Corporation