Brick 12-Unit Apartment
1028 South Ave Niagara Falls, NY 14305
For Sale
$285,000
All-brick 12-unit multifamily building with 10 currently rented and 2 units needing cosmetic repairs.
Days on Market74
Property Features for 1028 South Ave
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1926
Listing Agency:
Hunt Commercial - Buffalo
(716) 531-6880
Listed By:
Christina Pecoraro
(716) 531-6880
Source:
Elliman
Added: May 14
Changed: Jul 22
Last Checked: Jul 26 at 4:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
This all-brick 12-unit apartment building offers an established rental layout with 10 of the 12 units currently rented. The remaining 2 units require cosmetic repair before HUD will start paying rent again, with an indicated estimate of about $10,000 per unit. The property is described as having a set of mechanics in great condition and updated electrical.
The building is located on a quiet street in Niagara Falls. Reported monthly expenses include National Fuel ($700/month), National Grid ($1,000/month), and water ($1,000/month), along with insurance ($900/month). Annual taxes are noted at $3,700.
Additional context includes bikeScore 49 and walkScore 60, with transitScore 30.
The building is located on a quiet street in Niagara Falls. Reported monthly expenses include National Fuel ($700/month), National Grid ($1,000/month), and water ($1,000/month), along with insurance ($900/month). Annual taxes are noted at $3,700.
Additional context includes bikeScore 49 and walkScore 60, with transitScore 30.
Key Highlights
- All‑brick 12‑unit multifamily building built in 1926 on a quiet street in Niagara Falls
- 10 of the 12 units are currently rented at about $650/month; 2 units need cosmetic repairs
- Cosmetic repairs estimated at about $10k per unit before HUD will start paying rent again
Property Analytics
Location Intelligence
Current Use by Public Records
Charity Winters 4PlayBuzz
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - All-brick 12-unit multifamily building with 10 currently rented and 2 units needing cosmetic repairs.
Where is this apartment building located?
The property is located at 1028 South Ave Niagara Falls, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: All‑brick 12‑unit multifamily building built in 1926 on a quiet street in Niagara Falls; 10 of the 12 units are currently rented at about $650/month; 2 units need cosmetic repairs; Cosmetic repairs estimated at about $10k per unit before HUD will start paying rent again
