Kathleen "Kathy" Kennedy-Kirby

1511 Cleveland Avenue , Niagara Falls, NY 14305

New - 6 Hours Ago
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Property Description

Investment opportunity with income + Short-Term AirBnB rental potential! Welcome to 1511 Cleveland Ave, a fantastic income-producing property located in the City of Niagara Falls just a short drive the State Park & Canada! This is the type of property investors have been looking for a property with long term tenants already in place providing immediate rental income combined with the potential to take advantage of Niagara Falls' booming tourism market. Whether you're and experienced investor looking to expand your portfolio or a first-time buyer looking for a property where the rental income can help offset your ownership cost, this property deserves your attention! The ability to own a property with established long-term rental income while having the potential to explore future short-term rental possibilities. 9.4 million visitors come to Niagara Falls every year creating an enormous & continually renewing customer base for short-term rental. Own where tourist come! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1215-15th St, 915 Ferry Ave , 1305-15th St, 1526 LaSalle Ave (2 units) all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston & 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65,940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130,200 per year in gross long-term rental income representing approximately $64,260 of additional annual rental income potential through proper rent optimization

1511 Cleveland Avenue | MLS# B1708260

This home located at 1511 Cleveland Avenue , Niagara Falls, NY 14305 is currently listed for sale with an asking price of $130,000. This property was built in 1900 and has 4 bedrooms and 2 full baths with 2042 sq. ft. Cleveland Avenue is located in the City/Niagara Falls subdivision within the Niagara Falls school district. Search City/Niagara Falls real estate on kathy-kennedy.coldwellbankerprime.com today.

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Property Features

Property Type: Residential -
Basement: Full
Fenced: Yes
Garage: 1
Heating: Gas, ForcedAir
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $1,869
Year Built: 1900

Amenities

FullyFenced

Feature Descriptions

Appliances: GasWaterHeater
Exterior: CompositeSiding, CopperPlumbing
Fencing: Full
Flooring: Carpet, Varies, Vinyl
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 120X40
Parcel#: 291100-144-056-0001-017-000
Parking: OneSpace
Parking Notes: OneSpace
Sewer: Connected
Units: 2
Utilities: CableAvailable, SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

High School: Niagara Falls High
School District: Niagara Falls

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Estimated Payment

$ 482.99 per month $289.32 Principal & Interest $155.75 Property Tax $37.92 Homeowner's Insurance

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna WNY Inc.
Agency Contact: 716-691-5800

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