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Damaris Rivera

damaris@rrealtyrochester.com +1(585) 754-3821

$ 950,000

Est. payment | -/mo

24 Beds

15,608 SqFt

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$ 950,000

Est. payment | -/mo

Save

24 Beds

15,608 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,608 sqft

Price per Sqft $60

Subdivision City/Niagara Falls

MLS Listing ID B1715125

Bedrooms 24

Construction Status Existing

HOA Y/N No

Year Built 1924

Annual Tax Amount $9,216

Lot Size 8,089 Sqft

Acres 0.1857

Lot Dimensions 99X81

Property Sub-Type Other

Property Description

A truly unique opportunity to own a substantial, architecturally distinctive 12-unit property ideally positioned in the heart of Niagara Falls. Built in 1924, this impressive property reflects the craftsmanship, scale & architectural character of an era when buildings were constructed to make a statement & much of that original grandeur has been preserved. The current owner has thoughtfully invested in the property, updating kitchens & bathrooms throughout to give the building a fresh, modern look while retaining the character & charm that made this property so distinctive. The result is a rare combination of historic architectural appeal & modern income producing potential. The location is exceptionally attractive for both residential & investment purposes. The property is within walking distance of the Seneca Niagara Resort & Casino & Niagara Falls Memorial Medical Center , two major downtown employment centers. The casino currently employs thousands of people throughout its operations, while Memorial Medical Center is a major healthcare institution serving the region. Just minutes from the Rainbow Bridge to Canada, Niagara Falls State Park, the Niagara River, downtown entertainment, restaurants, shopping & other major attractions, the property sits in an area that benefits from both year round employment & international tourism economy. Niagara Falls continues to be a major destination attracting visitors from around the world, creating a unique environment for investors seeking multiple sources of rental demand. This is more than an apartment building it is an opportunity to acquire a substantial piece of Niagara Falls history while positioning yourself for the future. The combination of 12 two (2) bedroom units, historic architecture, recent interior improvements, strong location, employment centers & proximity to one of the world's most recognized tourist destinations creates tremendous potential for an investor looking to establish or expand a portfolio. The real opportunity here is the income growth potential this property offers an investor the ability to increase rental income over time & building equity, this is a property worth serious consideration.

Location

State NY

County Niagara

Community City/Niagara Falls

Area Niagara Falls-City-291100

Direction Near the Casino, Memorial hospital and Rainbow Bridge to Canada on the corner of 7th and Walnut Ave.

Rooms

Basement Full

Interior

Heating Gas, Radiator(s)

Flooring Hardwood, Varies, Vinyl

Fireplace No

Appliance Exhaust Fan, Gas Water Heater, Range Hood

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway, Concrete Driveway

Community Features Laundry Facilities

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Shingle,Slate,Tile

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Brick,Stucco

Construction Status Existing

Schools

High Schools Niagara Falls High

School District Niagara Falls

Others

Senior Community No

Tax ID 291100-159-022-0002-025-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna WNY Inc. 716-691-5800

Nearby Locations

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Damaris Rivera

Broker License ID: 10491209510

+1(585) 754-3821 | damaris@rrealtyrochester.com

565 7th ST Niagara Falls, NY 14301

Damaris Rivera

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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565 7th ST