561 Ontario StBuffalo, NY 14207

For Sale
$400,000

High-Yield Riverside Investment Opportunity

Overview

Added:
Feb 3
Days on market:
39
This exceptional six-unit apartment building, located at 561 Ontario St in Buffalo, NY, presents a lucrative investment opportunity. Boasting 8,005 square feet on a 0.1-acre lot, the property generates a substantial monthly income of $5,600 from its fully occupied units. All units are individually metered for electricity, heating, and hot water, simplifying utility management and tenant billing. The building features a recently updated roof, several updated windows, and upgraded mechanical systems, minimizing maintenance concerns. Long-term tenants are in place, ensuring consistent cash flow. A detached garage provides additional storage or potential rental income. Situated in a highly walkable neighborhood with convenient access to public transportation and major roadways, this property offers unparalleled convenience for residents and ease of access for owners. The all-brick construction ensures durability and curb appeal. This is a rare opportunity to acquire a high-performing income property in a desirable location. The strong rental income, coupled with the updated features and prime location, makes this an exceptional investment for discerning buyers. Don't miss this chance to secure a stable and profitable addition to your portfolio.

Property Details for 561 Ontario St

Property type
Residential income properties, Multifamily properties
Square Feet
8,005 SF
Year Built
1950
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.95835
Longitude
-78.89533
561 Ontario St, Buffalo, New York

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561 Ontario St
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