915 Ferry Ave, Niagara Falls, NY 14301

$660,000
22
BD
9,188
SqFt

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List Price
$660,000
Status
ACTIVE
MLS#
B1710674
Price Change
▼ $20,000 1788339707
Year Built
1900
Stories
2
Bedrooms
22
Living Area
9,188
Region
Niagara Falls

Property Description

AN INVESTOR'S DREAM-SEVEN (7) PROPERTIES. NINE (9) TOTAL UNITS. ONE INCREDIBLE OPPORTUNITY! Rarely does an opportunity like this hit the market! Seven (7) separate properties, totaling nine (9) income-producing units, are being offered together as one package. Five (5) single family homes & Two (2) 2 units for a total of 9 units- creating an instant Niagara Falls real estate portfolio. The properties are strategically located throughout the City of Niagara Falls, all within approximately a 10-minute drive from one and other, giving an investor the opportunity to own a diversified collection of properties without the concentration risk of having everything on one block. Even more compelling: Five (5) of the seven (7) properties, representing seven (7) of the nine (9) total units, are located within areas offering short-term AirBnB rental opportunities. This creates an exciting avenue for an investor looking to capitalize on Niagara Falls' world-renowned tourism market while maintaining the flexibility to utilize traditional long-term rental strategies. The locations are ideally positioned near Niagara Falls State Park, tourism destinations, shopping, restaurants, schools, public transportation & established neighborhood amenities. Several properties are within easy reach of the Falls, with the entire portfolio situated within approximately a 10-minute drive of Niagara Falls State Park, the Casino & Canada. This is more than a collection of houses-it's an opportunity to acquire a ready-made real estate portfolio in one of Western New York's most recognizable tourist destinations. After years of ownership, the seller is retiring & the portfolio has not been fully optimized. Current rents are below market, providing a new owner with a significant upside & the opportunity to substantially increase rental income through long-term market-rate rent. Buying today's income but inheriting tomorrows upside. According to New York State, approximately 9.4 million visitors come to Niagara Falls every year, creating an enormous & continually renewing customer base for short term rental properties. Imagine owning AirBnB's in a city that draws nearly 10 million visitors annually.

Additional Information

Taxes
$10,675
Exterior Features
Blacktop Driveway, Concrete Driveway, Gravel Driveway
School District
Niagara Falls
High School
Niagara Falls High
Water
Connected, Public
Sewer
Connected
Garage Spaces
1

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Calculator source: Real Geeks

Listing courtesy of Howard Hanna WNY Inc.. Contact: 716-691-5800