942 Niagara AveNiagara Falls, NY 14305

For Sale
$875,000

High-Income Generating Property, NY

Overview

Added:
Dec 11, 2024
Days on market:
91
Exceptional investment opportunity in Niagara Falls, NY, presents a 22,928 square foot, four-level commercial building situated on a 0.34-acre lot at 942 Niagara Avenue, zip code 14305. Currently generating over $26,000 in monthly gross income, this meticulously maintained brick and stone structure houses twenty residential units—ten one-bedroom and ten two-bedroom apartments, all complete with appliances. The building includes a fully equipped basement level featuring coin-operated laundry facilities, common areas, bathrooms, and ample tenant storage. Additional lower-level amenities encompass an office, kitchenette, and mechanical rooms. Recent renovations encompass flooring, windows, and interior painting. This turnkey operation offers significant upside potential for growth, further enhanced by available buyer incentives and grant financing opportunities. The property is listed at $875,000.

Highlights

  • Asking Price: $875,000
  • Property Type: Commercial Land, 0.34 acres, 22,928 square feet
  • High-Income Generating Property: Currently generating over $26,000 monthly gross income from multiple residential units.
  • Turnkey Investment: Well-maintained building in excellent condition with recent updates including flooring, windows, and paint.
  • Multiple Residential Units: Features a mix of one- and two-bedroom units, all including appliances.

Property Details for 942 Niagara Ave

Property type
Other specialty properties, Other land
Square Feet
22,928 SF
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Niagara Falls
County
Niagara
State
New York
Latitude
43.1079375
Longitude
-79.0521939
942 Niagara Ave, Niagara Falls, New York
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