1160 Tonawanda Street Tonawanda-Town NY 14207 MLS #B1568524

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, and low Town of Tonawanda taxes (under $5,500). Modest monthly utility costs, mostly updated windows, on-site laundry, common restrooms, full dry basement, updated electric, 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. 19/24 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.