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Active

140 Vulcan Street
Tonawanda-Town, NY 14207

$395,000
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Property Description

UNICORN opportunity! 3-Unit Commercial, mixed use property composed of 2 rented residential units and 1 vacant store front. To top it all off: the property comes with ONE ACRE of land. There are no other properties on the market like this. Currently brings in $2,300. The Store front would be an ideal barber ship, insurance office, realty, etc. Formerly store front rented for $1,000 a month. A 30% expense default was used and resulted in NOI $19,320. Gross Potential Income (GPI) is $27,500 to over $35,000 NOI by letting the store front and increasing the lower rent.

Details

Utilities: Sewer Connected, Water Connected
Basement: Partial
Heating: Gas, Forced Air
Lot Dimensions: 132 X330
Lot Size: 1.01
Roof: Asphalt
Sewer: Public Sewer
Water: Public