915 Ferry Ave, Niagara Falls, NY

$660,000

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22

Beds

9,188

Square feet

About 915 Ferry Ave

AN INVESTOR'S DREAM-SEVEN (7) PROPERTIES. NINE (9) TOTAL UNITS. ONE INCREDIBLE OPPORTUNITY! Rarely does an opportunity like this hit the market! Seven (7) separate properties, totaling nine (9) income-producing units, are being offered together as one package. Five (5) single family homes & Two (2) 2 units for a total of 9 units- creating an instant Niagara Falls real estate portfolio. The properties are strategically located throughout the City of Niagara Falls, all within approximately a 10-minute drive from one and other, giving an investor the opportunity to own a diversified collection of properties without the concentration risk of having everything on one block. Even more compelling: Five (5) of the seven (7) properties, representing seven (7) of the nine (9) total units, are located within areas offering short-term AirBnB rental opportunities. This creates an exciting avenue for an investor looking to capitalize on Niagara Falls' world-renowned tourism market while maintaining the flexibility to utilize traditional long-term rental strategies. The locations are ideally positioned near Niagara Falls State Park, tourism destinations, shopping, restaurants, schools, public transportation & established neighborhood amenities. Several properties are within easy reach of the Falls, with the entire portfolio situated within approximately a 10-minute drive of Niagara Falls State Park, the Casino & Canada. This is more than a collection of houses-it's an opportunity to acquire a ready-made real estate portfolio in one of Western New York's most recognizable tourist destinations. After years of ownership, the seller is retiring & the portfolio has not been fully optimized. Current rents are below market, providing a new owner with a significant upside & the opportunity to substantially increase rental income through long-term market-rate rent. Buying today's income but inheriting tomorrows upside. According to New York State, approximately 9.4 million visitors come to Niagara Falls every year, creating an enormous & continually renewing customer base for short term rental properties. Imagine owning AirBnB's in a city that draws nearly 10 million visitors annually.

Features of 915 Ferry Ave

MLS® # B1710674
Price $660,000
Bedrooms 22
Bathrooms 0.00
Square Footage 9,188
Year Built 1900
Type Multi Family
Sub-Type Other
Status Active

Community Information

Address 915 Ferry Ave
Area Niagara Falls-City
City Niagara Falls
County Niagara
State NY
Zip Code 14301

Amenities

Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected, Water
Features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Three or more Spaces, Garage
# of Garages 1
Garages Three or more Spaces, Garage
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Hardwood, Varies, Vinyl
Appliances Gas Water Heater
Heating Gas, Forced Air
Fireplace No
# of Stories 2
Stories 2
Has Basement Yes
Basement Full

Exterior

Exterior Brick, Stucco, Vinyl Siding
Exterior Features Blacktop Driveway, Concrete Driveway, Gravel Driveway
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Roof Asphalt
Construction Brick, Stucco, Vinyl Siding

School Information

District Niagara Falls
High Niagara Falls High

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeHoward Hanna WNY Inc.
Contact Info716-691-5800

Listing Map

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