156 Lake Shore Dr W, Dunkirk, NY 14048

Description

Welcome to 156 Lake Shore Drive W An Exceptional investment opportunity with lake views, RARE dual residential and commercial zoning, and significant income-producing potential. Located Just steps away from Lake Erie, this unique property consists of three separate 2-bedroom, 1-bath units, offering an attractive combination of immediate rental income and future upside! The Front building features an upper/lower duplex, with both units currently vacant and ready to lease or move right in for Owner occupancy. The upper unit has been freshly painted and updated with a combination of stunning new vinyl and carpet flooring, while the lower unit is also rent ready and offers additional opportunity for a new owner to maximize rental income. A separate rear 2-bedroom, 1-bath residence provides additional income and is currently rented for $650 per month. The rear unit also has an attached garage for extra storage, while the lower unit has main stair access to the Basement and the upper unit has pulldown stairs to a full sized attic. With all three units easily capable of generating rental income, the property offers substantial potential for increased gross annual revenue as the vacant units are leased and rents are brought closer to current market levels. The property's dual residential and commercial zoning provides additional flexibility and value for investors, owner residents, or future redevelopment opportunities. With continued development in the surrounding area, including the planned new hospital and other large future projects, this location benefits from increased demand, additional employment, Medical housing and even more further growth in the years ahead. Don't miss this rare opportunity to acquire a versatile multi-unit property with lake views, multiple income streams, flexible zoning, and meaningful long-term investment potential. Showings are easy for the duplex but please allow 24 hour notice for the tenants in rear unit.