255 Ontario Street Buffalo NY 14207 MLS #B1528636

255 Ontario Street
Buffalo, NY, 14207
$499,000
7 Beds
3 Baths
3,598 SqFt
0.09 Acres
In the past a few years, this 4-unit mix use property has undergone a massive remodeling worth of $100K such as electrical upgrades, the whole storefront remodel along with its flat roof, hot water tank, furnace, flooring, plumbing, carpet, painting, and some windows. With $4,400.00 monthly rental income, you can pocket some $$$$ after monthly mortgage payment. Two storefronts were combined into one and Ontario Express, the corner store, just signed the 10-year lease with 5% rent increase option after 5 years lease term. The flat roof for the storefront was replaced a few years ago and the main roof is still in great condition. The upstairs features 5 bedrooms, 1 bath and downstairs 2 bedrooms 1 bath and fully occupied. Riverside Laundry is just right across the street, and Rite Aid, Dollar General, 7-11, riverfront, parks are within walking distance.
Buffalo is rising and the fastest-growing city in New York. You will be making the best decision in real estate investing by adding this CASH COW property to your portfolio.
The motivated seller. Make an offer.

Property Details

Price:
$499,000
MLS #:
B1528636
Status:
Active
Beds:
7
Baths:
3
Address:
255 Ontario Street
Type:
Single Family
Subtype:
MixedUse
Subdivision:
Jones
City:
Buffalo
Listed Date:
Mar 27, 2024
State:
NY
Finished Sq Ft:
3,598
ZIP:
14207
Lot Size:
0 acres
Year Built:
1913
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255 Ontario Street
Buffalo, NY

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Schools

School District:
Buffalo

Interior

Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Laminate, Other, See Remarks, Tile, Varies
Heating
Gas, Forced Air
Laundry Features
Washer Hookup

Exterior

Architectural Style
Fourplex
Construction Materials
Composite Siding
Exterior Features
Balcony, Private Yard, See Remarks
Parking Features
Other, See Remarks, Twoor More Spaces

Financial

Buyer Agent Compensation
2.5%
Net Operating Income
$45,780
Taxes
$2,200

Map

Community

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