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
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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 RE/MAX Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2022 GENRIS. All rights reserved Updated: 29th May, 2023 5:10 AM (UTC)
Attribution contact: 716-572-2848
Listing Office: Keller Williams Realty WNY
