Active

255 Ontario Street
Buffalo, NY 14207

$499,000
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Property Description

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.

Details

Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Appliances: Gas Water Heater
Flooring: Laminate, Other, See Remarks, Tile, Varies
Basement: Partial
Laundry: Washer Hookup
Heating: Gas, Forced Air
Architectural Style: Fourplex
Exterior Features: Balcony, Private Yard, See Remarks
Construction Materials: Composite Siding
Patio & Porch: Balcony
Lot Dimensions: 35 X110
Lot Size: 0.0884
Sewer: Connected
Water: Connected, Public
Parking: Other, See Remarks, Twoor More Spaces