Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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