Property profile

561 Ontario St Buffalo, NY 14207

OFF-MARKET
Apartment buildings
Property ID
US63-0225685
8,005 SF 0.1 ac lot Built 1950
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Property summary

AI-generated 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

Verified
Property type Apartment buildings
Year built 1950
Total area 8,005 SF
Lot 0.1 ac (4,356 SF)
UPID US63-0225685

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

561 Ontario St Buffalo, NY 14207
Buffalo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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