561 Ontario St Buffalo, NY 14207

Property Details for 561 Ontario St

Year built

1950

Lot size

0.10 lot acres

Property size

8,005 SF

Property type

Apartment buildings

Description

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.