1869 Weston Avenue, Niagara Falls, NY 14305

Property Description

Welcome to 1869 Weston Avenue, a three-bedroom one-bath home conveniently located just off 22nd Street in Niagara Falls. This aluminum-sided property offers an excellent opportunity for an owner-occupant, first-time buyer, or investor looking to build equity and added value. The home is currently tenant occupied, providing an immediate rental-income opportunity for the new owner. While the property could benefit from some updating and improvements, it offers a solid foundation for someone looking to purchase at an attractive price and make the property their own. Why continue paying someone else's mortgage when you can own your own home? Conveniently situated near major roads, shopping, restaurants, schools, employment. Short drive the State Park and Canada. Opportunities to purchase an affordable property with an existing income stream don't come along every day. Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create & instant Niagara Falls Real Estate portfolio consisting of this property plus: 915 Ferry Ave, 1511 Cleveland (2 units), 1215-15th St, 1526 LaSalle Ave (2 units), 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 along with 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.