Great opportunity for both seasoned investors and ambitious newcomers. Whether you’re looking to expand your portfolio or live in one unit while generating rental income, this centrally located Cheektowaga property offers both versatility and value. The sale includes two buildings. The main structure features three units: two 2-bedroom apartments—one of which is recently renovated and move-in ready—and one 1-bedroom unit. Adjusted to current market rents, this property could generate approximately $2,600 per month, totaling over $30,000 per year, not including the potential of the second structure on the lot.
The rear structure, currently used as a storage shed, holds promising possibilities. In the hands of an enterprising owner, it could be transformed into a 2-bedroom income-producing unit, converted into a garage (with electrical already in place), or cleared to create a spacious backyard. With an acceptable offer, the seller is offering a $5,000 incentive toward first-year property taxes—giving you time to challenge and potentially lower the current tax assessment, which is based on a $307,000 valuation. Your tenants could pay off your investment in under five years—don’t miss this high-potential property.
