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Price $750,000

1160 Tonawanda Street, Tonawanda-Town, New York 14207

  • Bedrooms : 24
  • Square Footage : 8,640 Sqft
  • Visits : 18 in 21 days
$750,000
Features
Heating System :
Gas, Radiant
Basement :
Full, Sump Pump
Security :
Security System Owned
Appliances :
Dryer, Washer, Gas Water Heater
Community Features :
Laundryfacilities
Parking Features :
Driveway, Threeormorespaces
Pool Expense : $0
Roof :
Flat, Membrane, Rubber
Sewer :
Connected
Address Map
State :
NY
County :
Erie
City :
Tonawanda-Town
Zipcode :
14207
Street : 1160 Tonawanda Street
Floor Number : 0
Longitude : W79° 5' 26.1''
Latitude : N42° 57' 33.9''
MLS Addon
Office Name : Hanna Commercial
Accessibility Features :
Accessible Bedroom
Association Fee : $0
Bathrooms Total : 0
Building Area : 8,640 Sqft
CableTv Expense : $0
Construction Materials :
Brick
Cumulative DOM : 124
DOM : 4
Electric :
Circuit Breakers
Electric Expense : $0
Exterior Features :
Blacktopdriveway
Fireplaces Total : 0
Flooring :
Tile, Varies, Vinyl
Interior Features :
Bedroomonmainlevel
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash,Owner Will Carry
Lot Features :
Corner Lot, Near Public Transit, Flag Lot, Residentiallot
LotSize Dimensions : 80X120
Maintenance Expense : $0
Parcel Number : 146489-077-320-0006-009-000
Special Listing Conditions :
Standard
Stories Total : 2
Subdivision Name : Jones Tr
Utilities :
Sewer Connected, Water Connected, Highspeedinternetavailable
AttributionContact : 716-856-7107
Property Description

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.

Basic Details
Property Type : Multifamily
Listing Type : For Sale
Listing ID : B1568524
Price : $750,000
Bedrooms : 24
Square Footage : 8,640 Sqft
Year Built : 1900
Lot Area : 9,600 Sqft
Status : Active
Property Sub Type : Roominghouse
Agent info
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