2910 Grand Avenue, Niagara Falls, NY 14301

$179,000
4
BD
2
BA
1,800
SqFt

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List Price
$179,000
Status
ACTIVE
MLS#
B1722161
Year Built
1941
Stories
2
Bedrooms
4
Bathrooms
2
Acres
0.10
Living Area
1,800
Subdivision
Subdivided Me Smith
Region
Niagara Falls
Neighborhood
Subdivided Me Smith

Property Description

INVESTOR ALERT! Brick 2-unit (upper/lower) in one of Niagara Falls’ most desirable neighborhoods, minutes from parks, shopping, Hyde Park Blvd and the I-190. THE NUMBERS: Each unit rents for $1,100/mo: $2,200/mo, or $26,400/yr in gross income from day one At $179,000: 6.8 GRM | 14.7% gross yield | est. 9%+ cap rate Low annual taxes of about $3,500 keep cash flow strong EACH UNIT OFFERS: 2 bedrooms, 1 bath, eat-in kitchen and living room Its own private rear porch Hardwood floors under some carpeting, for added upside PROPERTY FEATURES: 1,800 sq ft brick construction Separate electric meters Central air and gas forced-air heat Fully fenced yard and detached 2-car garage WHY INVESTORS WILL LOVE IT: Tenants already in place: collect rent and build equity from day one Steady rental demand keeps vacancy low Solid bones, with minor updates offering value-add and room to raise rents at turnover Ideal for scaling a portfolio, a 1031 exchange, your first rental or a house-hack (live in one unit, rent the other). This one checks every box!

Additional Information

Taxes
$3,498
Exterior Features
Balcony, Fence
Style
Duplex
School District
Niagara Falls
Water
Connected, Public
Sewer
Connected
Garage Spaces
2

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Calculator source: Real Geeks

Listing courtesy of Towne Housing Real Estate. Contact: 716-463-1485