1526 La Salle AVE, Niagara Falls, NY 14301
1526 La Salle AVE, Niagara Falls, NY 14301
1526 La Salle AVE, Niagara Falls, NY 14301
24
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$100,000
Est. payment /mo
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4 Beds
2 Baths
2,200 SqFt
New

1526 La Salle AVE Niagara Falls, NY 14301

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Adam Grandmont

Adam Grandmont

+1(585) 203-6541

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $45

MLS Listing ID B1707443

Bedrooms 4

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1925

Annual Tax Amount $1,647

Lot Size 3,929 Sqft

Acres 0.0902

Lot Dimensions 33X119

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity in the City of Niagara Falls! This 2-family property offers approximately 2,200 square feet with two bedrooms in each unit & separate utilities, and R3/B zoning may offer the potential for additional residential unit. Currently utilized as a long-term rental, this property also offer exciting potential for an owner or investor looking to take advantage of Niagara Falls' growing short term rental market. Located within the City's designated short-term vacation rental/AirBnB zone, providing the opportunity to explore converting the property to a vacation rental, subject to applicable City requirements & approvals. Ideally situated just a short drive to Niagara Falls State Park, Canada, the Casino, & the many downtown tourist attractions, this location offers excellent conveniences for both long-term tenants and vacation guest. A versatile 2-family property with multiple income-producing possibilities in a highly desirable Niagara Falls location! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1511 Cleveland (2 units), 1215-15th St, 915 Ferry Ave , 1305-15th St, all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston and 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65,940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130,200 per year in gross long-term rental income representing approximately $64,260 of additional annual rental income potential through proper rent optimization.

Location

State NY

County Niagara

Area Niagara Falls-City-291100

Direction Between 15th St and 17th St. Take 11th Street to LaSalle Ave this also runs off Hyde Park Blvd but its a one way going the opposite way so you would take the next street over which is Whitney Ave all the way down to 11th.

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Carpet, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Laundry Common Area

Exterior

Exterior Feature Fence

Fence Partial

Utilities Available Cable Available, Sewer Connected, Water Connected

Roof Type Asphalt

Porch Open, Porch

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Foundation Poured

Sewer Connected

Water Connected, Public

Structure Type Stucco,Copper Plumbing

Construction Status Existing

Schools

High Schools Niagara Falls High

School District Niagara Falls

Others

Senior Community No

Tax ID 291100-144-072-0001-033-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Howard Hanna WNY Inc. 716-691-5800

Nearby School & Business

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Adam Grandmont

+1(585) 203-6541

grandmont.adam@gmail.com

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