1526 La Salle Avenue, Niagara Falls, NY 14301

Property Description

Excellent investment opportunity in the City of Niagara Falls! This 2-family property offers approximately 2,200 square feet with two bedrooms in each unit & separate utilities, and R3/B zoning may offer the potential for additional residential unit. Currently utilized as a long-term rental, this property also offer exciting potential for an owner or investor looking to take advantage of Niagara Falls' growing short term rental market. Located within the City's designated short-term vacation rental/AirBnB zone, providing the opportunity to explore converting the property to a vacation rental, subject to applicable City requirements & approvals. Ideally situated just a short drive to Niagara Falls State Park, Canada, the Casino, & the many downtown tourist attractions, this location offers excellent conveniences for both long-term tenants and vacation guest. A versatile 2-family property with multiple income-producing possibilities in a highly desirable Niagara Falls location! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1511 Cleveland (2 units), 1215-15th St, 915 Ferry Ave , 1305-15th St, all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston and 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65,940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130,200 per year in gross long-term rental income representing approximately $64,260 of additional annual rental income potential through proper rent optimization.