Ignore the dust and focus on the RETURN! With 24 rooms and current 85% occupancy, this cash cow brings in an annual NET return of over $120,000.00. Brand new sprinkler system (2024), over a $100,000 investment significantly reducing annual insurance costs. Low Town of Tonawanda taxes (under $5,500), modest monthly utility costs, mostly updated windows, on-site coin operated laundry, 3 common restrooms, full dry basement, updated electric, brand new hot water tank, newer sewer line (2017), large parking lot, and garage. Close to transit and easy to occupy few remaining units. First Floor can be rebuilt as a tavern (previous use), or additional income-producing first-floor retail, or units/rooms. 18/24 rooms bring in over $500/m each with room rates up to $700/m. Buy, hire management, or manage yourself and Take Home over 6-figures annually.
Property Details
Price:
$750,000
MLS #:
B1568524
Status:
Active
Beds:
24
Baths:
0
Address:
1160 Tonawanda Street
Type:
Single Family
Subtype:
RoomingHouse
Subdivision:
Jones Tr
Neighborhood:
Tonawanda-Town-146489
City:
Tonawanda-Town
Listed Date:
Sep 26, 2024
State:
NY
Finished Sq Ft:
8,640
Total Sq Ft:
8,640
ZIP:
14207
Lot Size:
9,600 sqft / 0.22 acres (approx)
Year Built:
1900
See this Listing
Mortgage Calculator
Schools
School District:
Kenmore-Tonawanda Union Free District
Interior
Appliances
Dryer, Gas Water Heater, Washer
Flooring
Tile, Varies, Vinyl
Heating
Gas, Radiant
Laundry Features
Common Area, Coin Operated
Exterior
Community Features
Laundry Facilities
Construction Materials
Brick
Exterior Features
Blacktop Driveway
Parking Features
Three Or More Spaces, Driveway
Roof
Flat, Membrane, Rubber
Financial
Taxes
$5,146
Map
Community
- Address1160 Tonawanda Street Tonawanda-Town NY
- SubdivisionJones Tr
- CityTonawanda-Town
- CountyErie
- Zip Code14207
Similar Listings Nearby
- 491 Delaware Avenue
Buffalo, NY$950,000
4.63 miles away
- 86 Norwood Avenue
Buffalo, NY$899,900
3.88 miles away
- 218 Linwood Avenue
Buffalo, NY$849,900
4.07 miles away
- 390 Jersey Street
Buffalo, NY$799,900
4.07 miles away
- 173 Spicer Creek Run
Grand Island, NY$797,400
4.18 miles away
- 760 Auburn Avenue
Buffalo, NY$789,000
3.36 miles away
- 99 Nottingham Terrace
Buffalo, NY$725,000
2.72 miles away
- 2884 Main Street
Buffalo, NY$670,000
3.96 miles away
- 521 Ashland Avenue
Buffalo, NY$650,000
3.19 miles away
Listing courtesy of Hanna Commercial,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-12-23.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-12-23.
1160 Tonawanda Street
Tonawanda-Town, NY
LIGHTBOX-IMAGES