$175,000
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8 Beds
4 Baths
6,045 SqFt
SOLD DATE : 02/13/2025
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,045 sqft
Price per Sqft $28
Subdivision Stedman Farm
MLS Listing ID B1572229
Sold Date 02/13/25
Bedrooms 8
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1924
Annual Tax Amount $4,507
Lot Size 3,458 Sqft
Acres 0.0794
Lot Dimensions 35X98
Property Sub-Type Multi Family
Property Description
Discover a fantastic investment opportunity with this beautifully maintained 4-unit brick building, ideally located in a vibrant neighborhood. Listed at just $159,900, this property is not only a solid investment but also a cash flow generator, currently yielding an impressive $2,900 in monthly rental income. Each unit features modern upgrades, including newer cabinets and fresh flooring, providing a comfortable living space for tenants. The property benefits from separate utilities for each unit, making management simple and efficient. Additionally, some furnaces have been recently replaced, ensuring reliability and lower maintenance costs. Originally a storefront, the building has been thoughtfully converted into four residential apartments, maximizing its income potential while maintaining its charming character. With a strong rental history and great demand in the area, this property is perfect for both seasoned investors and those looking to start their real estate journey. Don't miss out on this opportunity to own a piece of real estate with significant income potential.
Location
State NY
County Niagara
Community Stedman Farm
Area Niagara Falls-City-291100
Direction Niagara st to 24th st
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Near Public Transit, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick
Construction Status Existing
Schools
School District Niagara Falls
Others
Senior Community No
Tax ID 291100-159-033-0003-041-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Irish Jones Realty