915 Ferry Ave, Niagara Falls, NY 14301
915 Ferry Ave, Niagara Falls, NY 14301
915 Ferry Ave, Niagara Falls, NY 14301
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Khem Kadariya

Khem Kadariya

+1(585) 732-8665
$660,000
Est. payment /mo
22 Beds
9,188 SqFt
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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,188 sqft

Price per Sqft $71

MLS Listing ID B1710674

Bedrooms 22

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $10,675

Lot Dimensions 33X91

Property Sub-Type Other

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.

Location

State NY

County Niagara

Area Niagara Falls-City-291100

Direction Multiple locations near the Casino

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Carpet, Hardwood, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Exterior Feature Blacktop Driveway, Concrete Driveway, Gravel Driveway

Garage Spaces 1.0

Community Features Other, Storage Facilities, See Remarks

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Porch Covered, Porch

Garage Yes

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Brick,Stucco,Vinyl Siding

Construction Status Existing

Schools

High Schools Niagara Falls High

School District Niagara Falls

Others

Senior Community No

Tax ID 291100-159-030-0004-004-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Read Less Info
Listed by Howard Hanna WNY Inc. 716-691-5800

Nearby Locations

Khem Kadariya

Khem Kadariya

Phone

+1(585) 732-8665

Address

333 Metro Park, Rochester, NY 14623, USA

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915 Ferry Ave