HOT 823 17TH ST NIAGARA FALLS, NY 14301

Features

• Price/sqft: $56
• Lot Size: 5227.00 sq. ft.
• Total Units: 3
• Total Rooms: 8
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3
• Stories: 250
• Heating: Baseboard,Forced Air,Hot Water
• Exterior Walls: Siding (Alum/Vinyl)

Facts

• Year Built: 01/01/1900
• Property ID: 895367966
• MLS Number: B1547373
• Parcel Number: 291100 144.80-3-65
• Property Type: Multi-family (5 or more units)
• County: NIAGARA
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Unique Investment Property! This 3-unit multi-family property has two buildings on one lot that totals 2,829 square feet and is located in the Niagara Falls City School District. One building is a stand-alone traditional 2 story home that has 2 bedrooms, 1 bath, a living room, a formal dining room, an eat-in kitchen, and a private basement with laundry hookups as well as separate utilities for gas and electricity. The second building houses a 1.5 garage, a 2 bedroom 1 bath apartment as well as a 1 bedroom 1 bath apartment. Each of those apartments have a living room and eat-in kitchen as well as separate electric meters but do share a gas meter and boiler for that building. Looking for investment property? Unit 1 could rent for $900 a month. Unit 2 could rent for $700 a month. Unit 3 could rent for $600 a month. That totals $26,400 annually. After taxes and insurance, that equates to a 13%+ return on investment. The stand-alone 2 story home has a new roof in May 2024. Cash and conventionally financed offers only will be considered at this time.

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