368 Spruce AVE Niagara Falls, NY 14301
5 Beds
4 Baths
2,839 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,839 sqft
Price per Sqft $54
Subdivision Mile Reserve Niagara Fall
MLS Listing ID B1675266
Bedrooms 5
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,687
Lot Size 0.263 Acres
Acres 0.2635
Lot Dimensions 75X153
Property Sub-Type Multi Family
Property Description
The building currently features a high-demand layout consisting of two spacious 2-bedroom units and one 1-bedroom unit. Investor's take note: Unit 1 offers an incredible "value-add" opportunity, as it can easily be converted into two separate 1-bedroom units to maximize your door count and monthly rental yield. The property has been thoughtfully maintained, featuring a brand-new boiler system, ensuring lower maintenance costs for years to come. With nearly all units delivered vacant, you have the rare advantage of setting your own market rents from day one or moving into your preferred suite immediately. Situated on a generous lot with a 1-car garage and carport. Boasting natural woodwork and a solid foundation with high ceilings, this property is perfectly positioned to be a top-performer in your portfolio. Don't miss this chance to own a high-cap rate asset in an area of steady demand.
Location
State NY
County Niagara
Community Mile Reserve Niagara Fall
Area Niagara Falls-City-291100
Direction take main st to Spruce Ave
Rooms
Basement Full
Interior
Heating Gas, Radiant
Flooring Carpet, Hardwood, Tile, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 1.0
Utilities Available Sewer Connected, Water Connected
Garage Yes
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 1
Sewer Connected
Water Connected, Public
Level or Stories One
Structure Type Cedar,Frame,Stone
Construction Status Existing
Schools
School District Niagara Falls
Others
Senior Community No
Tax ID 291100-144-069-0002-030-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard