829 Main St, Niagara Falls, NY 14301 - MLS #B387313
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829 Main St
Niagara Falls, NY 14301
Niagara Falls, NY 14301
MLS #B387313
$156,0008 Units
Property Details
Great investment property or add additional income to your own business. You can take advantage of the commercial space and collect apartment rents. This building includes 8 apartments with a great rental history, plus a restaurant that is fully equipped with a large kitchen, 2 walk-ins and seating for about 80. This building offers over $32,000 net annual income with a cap rate of 19%. Cross Referenced with ML# B388736
- Property Type Apartments - Five or More Units
- Total Apartments 8
- Studio Apartments 1
- 1 Bedroom Apartment 6
- 2 Bedroom Apartment 1
Community & Schools
- County Niagara
- Area [NY SWIS Code] Niagara Falls-City
- Amenities Included No Amenities
- Town or City Name Niagara Falls
- Subdivision Comm Complex MILE RESERVE
- Island NA
- On Waterfront Y/N No
- School District Niagara Falls
Interior Features
- Stories 3
- Basement Description Full
- Floor Description Laminate-Some,Vinyl-Some,Wall To Wall Carpet-Some
Exterior Features
- Square Footage 12180
- Lot Dimensions - Frontage 46
- Lot Dimensions - Depth 96
- Acres 0.1
- Lot Information Commercial Zoning,Corner Lot,Near Bus Line
- Exterior Construction Aluminum/Steel,Brick,Concrete Block
- Additional Exterior Features Cable TV Available
- Garage Spaces per Apt No Garage Spaces
- Parking Spaces per Apt No Parking Spaces
- Driveway Description None
- Roof Description Flat
Appliances & Utilites
- HVAC Type Baseboard Heat-Some
- Water Resource Public Connected
- Water Heater/Fuel Gas
- Heating Fuel Description Gas
- Kitchen Equip/Appl Included None
- Number of Electric Meters 10
- Number of Heating Units 2
- Sewer Description Sewer Connected
Financial Details
- Gross Annual Income 43800
- Net Operating Income 27925
- Income/Expense Information Provided By Owner
- Operating Expenses Include Electricity,Gas/Oil,Insurance,Water / Sewer
- Annual Operating Expenses 10892
- Studio Average Monthly Rent 300
- 1 Bedroom Average Month Rent 350
- 2 Bedroom Average Month Rent 425
- Rent Includes Heat,Hot Water
- Total Taxes 4983
- Town/County Tax 697
- City/Village Tax 2685
- School Tax 1601
- Assessed Value 85000
- Possible Financing Cash Only,Conventional
Miscellaneous Details
- Year Built 1900
- Year Built Description Existing
- Tax Map Number 291100-144-078-0001-003-000
- Certificate of Occupancy Not Required
- Possession At Closing
- Riparian Rights No
Map & Directions
Main Street between Cedar & Spruce
Map for 829 Main St, Niagara Falls, NY 1430143.097291-79.054436
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Apartment Building real estate property, we have hundreds of addtional Niagara Falls real estate listings and homes for sale and Niagara County real estate listings and homes for sale.
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Listing information provided by CNYIS, Inc., GENRIS and WNYREIS.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Century 21 Winklhofer shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. ©2012 New York State Alliance of MLS's. All rights reserved.
Last Updated 05/23/2012
