255 Ontario Street Buffalo NY 14207 MLS #B1597345

In the past few years, this 4-unit mix use property has undergone a massive remodeling worth more than $100K such as electrical upgrades, the whole storefront remodel along with its flat roof, hot water tank, furnace, flooring, plumbing, carpet, painting, and some windows. With $52,800.00 annual rental income, you can pocket some $$$$ after monthly mortgage payment. Two storefronts were combined into one and Ontario Express, the corner store, signed the 10-year lease with 5% rent increase option after 5 years lease term. The flat roof for the storefront was replaced a few years ago and the main roof is still in great condition. The upstairs features 5 bedrooms, 1 bath and downstairs 2 bedrooms 1 bath and fully occupied. Riverside Laundry is just right across the street, and Rite Aid, Dollar General, 7-11, riverfront, parks are within walking distance.
Riverside neighborhood has seen so many development projects and continues to see more exciting new development momentum. What is greater is that it will not stop its momentum in the foreseeable future. Located on busy street corner, you won’t be disappointed to add this CASH COW property to your portfolio. Priced to sell. Make your offer.