Niagara Falls City on the raise! Appreciation rate is up 22.4%. Property appreciation the last 10 years has been 81.6%. Renters make up 35.3% of the Niagara Falls Population. The market makes this all brick 10 unit with separate utilities and nine (9) garages with off Street parking a wise addition to any Real Estate portfolio . River views located in front of the LaSalle Yacht Club on the upper Niagara River. Just steps to the newly constructed LaSalle Waterfront Park & River View Trail. Picnic area with bike & walking paths lead right to State Park & the majestic Niagara Falls. . Short drive to Canadian Border. This all brick building has concrete floors & steel floor joist. Rock solid at one time was a Fall Out Shelter in the City. You don’t see this type of construction today. Long term Tenants (17+ years) want to stay. Yearly income $66,120.00. Property tax: $ 9,098.00, Property insurance : $1,948, Yearly Water & Sewer expense: $2,284. Refuse charge: $799.00, Common Gas: $850.00, Common electric:$495.00, Lawn Service: $200, Snow Removal: $260.00, Building Maintenance: $900.00. Showing a 7.5% return on investment in a appreciating market. Seller financing to qualified Buyer.

Overview

  • SubdivisionMile Reserve
  • Year Built1910
  • RoofingMembrane, Rubber
  • HeatingGas, WallFurnace
  • WaterConnected, Public
  • Sewer/SepticConnected

Features

  • ExteriorGravelDriveway
  • ViewWater
  • Security
  • Floor CoveringsCeramicTile, Hardwood, Varies

Schools

    • MiddleLaSalle Middle
    • HighNiagara Falls High
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