334 Main Street

Tonawanda, NY 14150

Incredible Opportunity with almost 2,700 square feet of Money Making, Income Potential space! The Three (3) Bedroom Upper Apartment is updated, vacant and turn-key ready. Perfect for Owner Occupied situation and also demands the highest Rental Income for its size, location and finishes. Similar sized (3 bedroom) apartments in the City of Tonawanda are hovering around $1,300 - $1,500 per month. The Lower Two (2) bedroom apartment has a Long Term Tenant that is always current, and would like to stay. Discussions and recent renovations to the lower unit have been made, and dialogue has been started to adjust the current rent of $950 rent closer to market rate. This lower apartment also has an in unit Laundry Room. Rent Role for this property are between $2,500 - $2,800 per month to exceed $30,000 annually. Completely separate entrances allow for plenty of privacy amongst Tenants, large backyard which are helpful in gaining maximum Rental Return. Recent renovations and improvements include; newer furnaces, new roof, metal wrapped windows, drain tile along rear basement wall, HWT, new flooring, both exterior and interior paint, lighting and more.

This is an Active listing.

Broker Office Phone Number: 716-480-3049

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