?Welcome to 1308 South Avenue, a prime investment opportunity offering a mix of private rooms and apartment rentals, perfect for generating consistent income. This property is currently occupied by 6 tenants, providing immediate rental revenue. Here’s what makes this property a standout investment:
? • 1st Floor: 2 private rooms, each renting for $500/month.
? • 2nd Floor: 5 private rooms with rents starting at $400/month.
? • 3rd Floor: A 2.5-bedroom apartment with rental potential ranging from $800 to $1,100/month.
?The building features two fully equipped kitchens (on the 1st and 3rd floors), ensuring convenience for tenants. Across the street, there’s a 25-car parking lot, adding value for tenants and potential buyers alike.
?With high rental demand in the area, this property offers an attractive mix of stable income and future growth potential. Whether you’re an experienced investor or looking to start your rental portfolio, 1308 South Avenue is a turnkey opportunity in a sought-after location.
Sold for $100,000 on 03/22/23
$100,000
1308 South Ave, Niagara Falls, NY 14305
9beds
2,205sqft
MultiFamily
Built in 1912
-- sqft lot
$212,000 Zestimate®
$45/sqft
$1,328 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat pump
Appliances
- Included: Microwave, Refrigerator
Features
- Flooring: Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 2,205 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street
Features
- Exterior features: Wood, Brick
Lot
- Size: 2,874 sqft
Details
- Parcel number: 29110014455135
Construction
Type & style
- Home type: MultiFamily
Materials
- brick
- Roof: Built-up
Condition
- Year built: 1912
Community & neighborhood
Location
- Region: Niagara Falls