Listing ID B1362034
Sold For$650,000
SqFt
9,240
Acres
0.234
Status Closed
County Niagara
Year Built 1910
Property Type Commercial Sale
Property Sub Type Other
Niagara Falls City on the raise! Appreciation rate is up 22.4%. Property appreciation the last 10 years has been 81.6%. Renters make up 35.3% of the Niagara Falls Population. The market makes this all brick 10 unit with separate utilities and nine (9) garages with off Street parking a wise addition to any Real Estate portfolio . River views located in front of the LaSalle Yacht Club on the upper Niagara River. Just steps to the newly constructed LaSalle Waterfront Park & River View Trail. Picnic area with bike & walking paths lead right to State Park & the majestic Niagara Falls. . Short drive to Canadian Border. This all brick building has concrete floors & steel floor joist. Rock solid at one time was a Fall Out Shelter in the City. You don't see this type of construction today. Long term Tenants (17+ years) want to stay. Yearly income $66,120.00. Property tax: $ 9,098.00, Property insurance : $1,948, Yearly Water & Sewer expense: $2,284. Refuse charge: $799.00, Common Gas: $850.00, Common electric:$495.00, Lawn Service: $200, Snow Removal: $260.00, Building Maintenance: $900.00. Showing a 7.5% return on investment in a appreciating market. Seller financing to qualified Buyer.
County
Niagara
Property Sub Type
Other
Property Type
Commercial Sale
Subdivision
Mile Reserve
Year Built
1910
Community Features
Laundry Facilities
Directions
Buffalo Ave and 68th Street near the Grand Island Bridge
Elementary School District
Niagara Falls
High School
Niagara Falls High
High School District
Niagara Falls
MLS Area Major
Niagara Falls-City-291100
Middle Or Junior School
LaSalle Middle
Middle Or Junior School District
Niagara Falls
Postal City
Niagara Falls
Township
Not Applicable
View
yes
View Type
Water
Waterfront
no
Buyer Financing
Conventional
Gross Income
66120
Listing Terms
Cash, Conventional, Owner Will Carry
Net Operating Income
39506
Operating Expense
17516
Operating Expense Includes
Electric, Fuel, Insurance, License(s), Maintenance Structure, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer
Owner Pays
Grounds Care, Garage, Hot Water, Snow Removal, Trash Collection, Water
Possession
Close Of Escrow
Rent Includes
Common Area Maintenance, Hot Water, Parking, Snow Removal, Trash Collection, Water
Special Listing Conditions
Standard
Tax Annual Amount
9098
Tax Assessed Value
135500
Tax Lot
22
Appliances
Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Basement
yes
Basement Type
Full
Fireplace
no
Flooring
Ceramic Tile, Hardwood, Varies
Heating
yes
Heating Type
Gas, Wall Furnace
Laundry Features
Coin-operated
Levels
Two
Living Area
9240
Stories
2
Stories Total
2
Construction Materials
Brick, Copper Plumbing
Exterior Features
Gravel Driveway
Garage
yes
Garage Spaces
1
Lot Features
Corner Lot, Near Public Transit, Views
Lot Size Area
0.2339
Lot Size Dimensions
51X199
Lot Size Square Feet
10187
Lot Size Units
Acres
Number Of Separate Electric Meters
10
Number Of Separate Gas Meters
10
Number Of Units Total
10
Parking Features
One Space, Driveway, Garage
Roof
Membrane, Rubber
Sewer
Connected
Utilities
Sewer Connected, Water Connected
Water Source
Connected, Public
CLIP
2815959636
Human Modified
no
Listing Association
Buffalo
Mls Status
Closed
Permission
IDX
Property Condition
Resale
Property Sub Type Additional
Other
Year Built Details
Existing
Contact - Listing ID B1362034
Syracuse Realty Group
106 South Main Street
North Syracuse, NY 13212
Phone: 3154100373
Fax: 3154100375
bherzig@syracuserealtygroup.com,ozzie@syracuserealtygroup.com
Data services provided by IDX Broker