Active

301 Payne Avenue
North Tonawanda, NY 14120

$300,000
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Property Description

VR Pricing. Seller will consider offers between $300,000 and $450,000. ATTENTION INVESTORS: 10% CAP RATE POTENTIAL WHEN FULLY OCCUPIED!! Completely remodeled building has two first floor commercial units and two second floor residential apartments. Each apartment includes two bedrooms, one full bathroom, kitchen, living room, and laundry room. Total rental income has been $4500 per month and tenants are responsible for their individual gas and electric. Every unit was gutted to the studs and redone including but not limited to their insulation, electric, plumbing, drywall, kitchens, and flooring. Property management is in place that can transfer or cancel with the sale. This one's a "no brainer"! Also listed as a 2-4 unit, see MLS B1553026

Details

Utilities: Sewer Connected, Water Connected
Basement: Full
Cooling: Other, See Remarks
Heating: Electric, Gas, Other, See Remarks, Forced Air
Lot Dimensions: 44 X80
Lot Size: 0.0824
Roof: Flat, Membrane, Pitched, Rubber
Sewer: Public Sewer
Water: Public
Parking: Off Site