6801 Buffalo Avenue, Niagara Falls, NY 14304

$749,000
4
BD
9,240
SqFt

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List Price
$749,000
Status
ACTIVE
MLS#
B1679845
Price Change
▼ $76,000 1779930504
Year Built
1910
Stories
2
Bedrooms
4
Acres
0.23
Living Area
9,240
Subdivision
Mile Reserve
Region
Niagara Falls
Neighborhood
Mile Reserve

Property Description

Introducing a high-performing 10-Unit waterfront apartment complex with 9 garages. 6801 Buffalo Avenue, Niagara Falls was built like a fortress. This all-brick building was originally engineered with concrete floors and steel joists—providing a level of durability and fire safety rarely seen in residential builds and was a previously designated by the City as an emergency fallout shelter. The property features 10 residential units (2 2BR; 2 1BR; 6 Studios) with separate utilities (tenants pay their own gas & electric with the exception of 1 unit). 9 onsite garages are available for parking convenience and additional rental income. Located directly across from the LaSalle Yacht Club, Waterfront Park and the River View Trail, this property provides views of the beautiful Niagara River, the convenience of I-190 access, the proximity to the Canadian border along with notable shopping destinations such as the Niagara Outlets. Highlights: Income: Monthly Income $8,545.00 with potential to go higher. Expenses: Separate utilities (tenants pay gas/electric, except one unit) significantly reduce landlord overhead. Additional Revenue: 9 on-site garages provide substantial additional monthly income beyond residential rents. Location Premium: Minutes from I-190 access, the Canadian border, and the major retail corridors of Military Rd and Niagara Falls Blvd. This helps keep vacancies at a minimum. Add this performing asset to your portfolio for cashflow & pride of ownership.

Additional Information

Taxes
$9,414
Exterior Features
Gravel Driveway
School District
Niagara Falls
Water
Connected, Public
Sewer
Connected
Garage Spaces
1

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Listing courtesy of Red Door Real Estate WNY LLC. Contact: 603-860-6240