2494 Sheridan Drive
Tonawanda-Town, NY, 14150
$2,100,000
15 Beds
0 Baths
12,984 SqFt
0.42 Acres
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This well-maintained, 2.5-story brick apartment building offers a fantastic investment opportunity with strong potential for value-add improvements. Located on Sheridan Drive, a major commercial corridor connecting the suburbs of Tonawanda and Amherst, the property features a desirable mix of 11 two-bedroom and 4 one-bedroom apartments, each with spacious layouts and eat-in kitchens.
Key Property Highlights:
One and two-bedroom apartments with room for upgrades and increased rental income.
Building Improvements: Recent updates include newer roofs and windows.
Prime Location: Positioned along a high-traffic commercial route with easy access to shopping, dining, and major highways.
Strong Upside Potential: Significant opportunity for upgrades to interiors, including kitchen and bathroom enhancements, that can lead to higher rents and increased property value.
Low Maintenance: Solid 1966 construction with low-rise apartment style (3 stories total), making for minimal upkeep.
No. Units: 15 total (11 two-bedroom, 4 one-bedroom)
Unit Features:
Air Conditioning
Balconies in select units
Dishwashers
Refrigerators and Ovens
Heating and Carpeted Floors
Spacious Family Rooms and Freezer Options
Bathtub/Shower Combos
Site Amenities:
24-Hour Access
Controlled Access for added security
Don’t miss out on this opportunity to acquire a well-located multifamily asset with substantial upside potential.

Property Details

Price:
$2,100,000
MLS #:
B1581351
Status:
Active
Beds:
15
Baths:
0
Address:
2494 Sheridan Drive
Type:
Single Family
Subtype:
Other
Neighborhood:
Tonawanda-Town-146489
City:
Tonawanda-Town
Listed Date:
Dec 30, 2024
State:
NY
Finished Sq Ft:
12,984
Total Sq Ft:
12,984
ZIP:
14150
Lot Size:
18,382 sqft / 0.42 acres (approx)
Year Built:
1966
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Schools

School District:
Kenmore-Tonawanda Union Free District

Interior

Appliances
Dishwasher, Gas Water Heater, Refrigerator
Flooring
Carpet, Varies
Heating
Gas, Baseboard
Laundry Features
Coin Operated

Exterior

Community Features
Laundry Facilities
Construction Materials
Brick
Exterior Features
Awnings, Blacktop Driveway
Parking Features
One Space, No Garage
Roof
Asphalt

Financial

Taxes
$34,982

Map

Community

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2494 Sheridan Drive
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