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6723 Buffalo Ave

10 Unit Block of Flats £928,262 (£92,826/Unit) Niagara Falls, NY 14304

Investment Highlights

  • Exceptional investment opportunity in the prestigious LaSalle section of Niagara Falls!
  • Each unit is nicely maintained (only 2 owners) offering modern amenities & spacious layouts
  • immaculate condition and a prime location just steps away from the picturesque LaSalle Yacht Club & the iconic Grand Island bridge.

Executive Summary

Introducing an exceptional investment opportunity in the prestigious LaSalle section of Niagara Falls! This all-brick 10 unit apartment building exudes elegance and charm, boasting immaculate condition and a prime location just steps away from the picturesque LaSalle Yacht Club & the iconic Grand Island bridge. With a paved parking lot providing convenience for tenants, this turnkey operation is a testament to profitability and success. Each unit is nicely maintained (only 2 owners) offering modern amenities & spacious layouts to ensure tenant satisfaction. Take advantage of this rare chance to own a highly profitable asset with appreciating value in one of Niagara Falls' most desirable location. Don't let this opportunity sail away. Next door to the Yacht Club and 2 doors down from the LaSalle Waterfront Park & the River behind you makes this a prime piece of real estate. Features Eight (8) two (2) bedroom units and two(2) one (1) bedroom units. Coin operated laundry plus additional tenant store units in the basement. Cost: Insurance : $5,377.05, Gas: $3,396.00, Electric: $1,320.00, Water: $2,210.00, Garbage: $2,040.00, Snow:: $900, Lawn: $300.00. Potential Rent: $114,000.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £928,262
Price Per Unit £92,826
Sale Type Investment
No. Units 10
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.37 AC
Building Size 10,020 SF
Number of Floors 3
Year Built 1958
Parking Ratio 1.2/1,000 SF

Unit Amenities

  • Storage Space
  • Kitchen
  • Basement

zoning

Zoning Code R3-A (R3-A zoning permits the development of multi-family housing units, such as apartments, townhouses, and duplexes, promoting higher residential density)
R3-A (R3-A zoning permits the development of multi-family housing units, such as apartments, townhouses, and duplexes, promoting higher residential density)
  • Listing ID: 32056866

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 6723 Buffalo Ave, Niagara Falls, NY 14304

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