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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 Under Contract
| Price | $1,175,000 | Building Class | C |
| Price Per Unit | $117,500 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 10,020 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-A - R3-A zoning permits the development of multi-family housing units, such as apartments, townhouses, and duplexes, promoting higher residential density | ||
| Price | $1,175,000 |
| Price Per Unit | $117,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 10,020 SF |
| No. Stories | 3 |
| Year Built | 1958 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3-A - R3-A zoning permits the development of multi-family housing units, such as apartments, townhouses, and duplexes, promoting higher residential density |
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Basement
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PROPERTY TAXES
| Parcel Number | 291100-160-019-0001-026-000 | Improvements Assessment | $128,300 (2024) |
| Land Assessment | $11,700 (2024) | Total Assessment | $140,000 (2024) |
PROPERTY TAXES
Parcel Number
291100-160-019-0001-026-000
Land Assessment
$11,700 (2024)
Improvements Assessment
$128,300 (2024)
Total Assessment
$140,000 (2024)
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