1511 Cleveland AVE, Niagara Falls, NY 14305
1511 Cleveland AVE, Niagara Falls, NY 14305
1511 Cleveland AVE, Niagara Falls, NY 14305
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$130,000
Est. payment /mo
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4 Beds
2 Baths
2,042 SqFt
New

1511 Cleveland AVE Niagara Falls, NY 14305

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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 2,042 sqft

Price per Sqft $63

Subdivision City/Niagara Falls

MLS Listing ID B1708260

Bedrooms 4

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $1,869

Lot Size 4,800 Sqft

Acres 0.1102

Lot Dimensions 120X40

Property Sub-Type Multi Family

Property Description

Investment opportunity with income + Short-Term AirBnB rental potential! Welcome to 1511 Cleveland Ave, a fantastic income-producing property located in the City of Niagara Falls just a short drive the State Park & Canada! This is the type of property investors have been looking for a property with long term tenants already in place providing immediate rental income combined with the potential to take advantage of Niagara Falls' booming tourism market. Whether you're and experienced investor looking to expand your portfolio or a first-time buyer looking for a property where the rental income can help offset your ownership cost, this property deserves your attention! The ability to own a property with established long-term rental income while having the potential to explore future short-term rental possibilities. 9.4 million visitors come to Niagara Falls every year creating an enormous & continually renewing customer base for short-term rental. Own where tourist come! 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: 1215-15th St, 915 Ferry Ave , 1305-15th St, 1526 LaSalle Ave (2 units) 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 & 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

Community City/Niagara Falls

Area Niagara Falls-City-291100

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Carpet, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Exterior Feature Fully Fenced

Garage Spaces 1.0

Fence Full

Utilities Available Cable Available, Sewer Connected, Water Connected

Roof Type Asphalt

Garage Yes

Building

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

Story 2

Foundation Stone

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Composite Siding,Copper Plumbing

Construction Status Existing

Schools

High Schools Niagara Falls High

School District Niagara Falls

Others

Senior Community No

Tax ID 291100-144-056-0001-017-000

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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