$177,500
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5 Beds
2 Baths
2,646 SqFt
SOLD DATE : 11/22/2024
Key Details
Sold Price $177,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,646 sqft
Price per Sqft $67
Subdivision Tobias Witmers
MLS Listing ID B1565700
Sold Date 11/22/24
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,502
Lot Size 4,556 Sqft
Acres 0.1046
Lot Dimensions 40X113
Property Sub-Type Multi Family
Property Description
Incredible Opportunity with almost 2,700 square feet of Money Making, Income Potential space! The Three (3) Bedroom Upper Apartment is updated, vacant and turn-key ready. Perfect for Owner Occupied situation and also demands the highest Rental Income for its size, location and finishes. Similar sized (3 bedroom) apartments in the City of Tonawanda are hovering around $1,300 - $1,500 per month. The Lower Two (2) bedroom apartment has a Long Term Tenant that is always current, and would like to stay. Discussions and recent renovations to the lower unit have been made, and dialogue has been started to adjust the current rent of $950 rent closer to market rate. This lower apartment also has an in unit Laundry Room. Rent Role for this property are between $2,500 - $2,800 per month to exceed $30,000 annually. Completely separate entrances allow for plenty of privacy amongst Tenants, large backyard which are helpful in gaining maximum Rental Return. Recent renovations and improvements include; newer furnaces, new roof, metal wrapped windows, drain tile along rear basement wall, HWT, new flooring, both exterior and interior paint, lighting and more.
Location
State NY
County Erie
Community Tobias Witmers
Area Tonawanda-City-141600
Direction Delaware to Roosevelt to Main
Rooms
Basement Full, Sump Pump
Interior
Interior Features Bedroom on Main Level
Heating Gas, Forced Air
Flooring Carpet, Laminate, Luxury Vinyl, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Deck
Utilities Available Sewer Connected, Water Connected
Handicap Access Accessible Bedroom
Porch Deck
Building
Lot Description Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Composite Siding
Construction Status Existing
Schools
School District Tonawanda City
Others
Senior Community No
Tax ID 141600-039-770-0001-004-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing FHA
Special Listing Condition Standard
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Bought with Chubb-Aubrey Leonard Real Estate