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561 Ontario St Buffalo, NY 14207

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For Sale
$400,000

High-Yield Riverside Investment Opportunity

Property size:
8,005 SF

Property Features for 561 Ontario St

General Information

Property type
Residential income properties
Square Feet
8,005 SF
Lot Size
4,356 SF

Building Details

Year Built
1950

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Listing Contact
Renee Moran

Listing Agency: Red Door Real Estate WNY LLC Listing Agent: Renee Moran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional six-unit apartment building, located at 561 Ontario St in Buffalo, NY, presents a lucrative investment opportunity. Boasting 8,005 square feet on a 0.1-acre lot, the property generates a substantial monthly income of $5,600 from its fully occupied units. All units are individually metered for electricity, heating, and hot water, simplifying utility management and tenant billing. The building features a recently updated roof, several updated windows, and upgraded mechanical systems, minimizing maintenance concerns. Long-term tenants are in place, ensuring consistent cash flow. A detached garage provides additional storage or potential rental income. Situated in a highly walkable neighborhood with convenient access to public transportation and major roadways, this property offers unparalleled convenience for residents and ease of access for owners. The all-brick construction ensures durability and curb appeal. This is a rare opportunity to acquire a high-performing income property in a desirable location. The strong rental income, coupled with the updated features and prime location, makes this an exceptional investment for discerning buyers. Don't miss this chance to secure a stable and profitable addition to your portfolio.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Erie
State
New York
Longitude
-78.89533
Latitude
42.95835

FAQs

What type of property is this?
Residential income property - High-Yield Riverside Investment Opportunity
Where is this residential income property located?
The property is located at 561 Ontario St Buffalo, NY.
What is the asking price?
The asking price for this property is $400,000.
More about this property
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