UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 3,948 sqft
Price per Sqft $72
Subdivision Mile Reserve
MLS Listing ID B1692203
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1919
Annual Tax Amount $4,513
Lot Size 3,036 Sqft
Acres 0.0697
Lot Dimensions 33X92
Property Sub-Type Other
Property Description
Don't miss this exceptional income-producing investment featuring 5 rental units across 2 properties on one lot in one of Niagara Falls' most desirable investment locations. Currently generating $4,850 per month in rental income with reliable, long-term tenants, this property offers immediate cash flow from day one.
Ideally situated just a couple of blocks from the world-famous Niagara Falls, the Canadian border crossing, and Seneca Niagara Resort & Casino, this property is positioned in a high-demand rental market with strong long-term appreciation potential. Its prime location provides easy access to tourism, employment, entertainment, and international travel, making it attractive to both tenants and investors alike.
Whether you're looking to expand your portfolio or secure a solid cash-flowing asset, this is an opportunity worth considering. The current owner is selling as part of a portfolio upgrade, creating an excellent chance for the next investor to acquire a proven income-producing property.
Location
State NY
County Niagara
Community Mile Reserve
Area Niagara Falls-City-291100
Direction Ferry Avenue and 4th Street
Rooms
Basement Full
Interior
Interior Features Natural Woodwork
Heating Gas, Other, See Remarks, Forced Air
Cooling Other, See Remarks
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature Concrete Driveway
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Flat
Garage No
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Stucco
Construction Status Existing
Schools
School District Niagara Falls
Others
Senior Community No
Tax ID 291100-159-029-0001-013-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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KW Upstate New York Properties
Broker License ID: 10991215115
Broker License ID: 10991215115