Niagara Falls, NY Portfolio, 9.32% Cap 5 Multifamily Properties Offered at $900,000 in Niagara Falls, NY

A six-property, seven-unit residential income portfolio in Niagara Falls, New York, offered in its entirety at $900,000 USD. The portfolio produces $109,200 in current gross annual rent against an estimated $83,924 NOI, a 9.32% cap rate at the asking price. Projected rent at market is $122,400, giving a new owner near-term upside through natural turnover rather than repositioning.
The assets comprise of 5 single-family homes and 1 two-unit residential property. Roughly $90,000 of renovation capital was recently invested at 521 29th St. Most units are occupied by established long-term tenants; one property is vacant and rent-ready, allowing an incoming owner to set market rent immediately.
Seller financing is available to a qualified buyer at 30% down. The seller will carry $630,000 at 8% fixed up to a 20 year fully amortizing note at approximately $5,269 per month. No prepayment penalty for early repayment. Financing terms are subject to buyer qualification, credit review and final written agreement.
Niagara Falls sits directly across the border from the Niagara Region of Ontario and roughly 90 minutes from Toronto, making the portfolio practical for GTA-based investors to inspect and oversee. All figures are stated in US dollars. Prospective Canadian purchasers should obtain independent cross-border legal, tax and financing advice; no representation is made regarding a foreign buyer's ability to obtain US refinancing.