1886 Weston Ave, Niagara Falls, NY 14305

Description

If you are looking for an affordable Niagara Falls property where you can put in the work, add value, and create something you can be proud of, take a look at 1886 Weston Ave. This approximately 1,058 square foot, 2 bedroom home, built in 1935, with two car garage and fenced back yard offers a great starting point for someone with a vision. The property needs work and is currently cluttered, so this is not a turnkey home-and that's exactly what creates the opportunity to purchase at an attractive price and transform it into the investment you envision. Located just off 22nd Street, you're approximately 10-12 minutes from Niagara Falls State Park and Canada. This is a property for someone who can see the finished product. Start building your tomorrows today.
Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create & instant Niagara Falls Real Estate portfolio consisting of this property plus: 915 Ferry Ave, 1511 Cleveland (2 units), 1215-15th St, 1526 LaSalle Ave (2 units),1305-15th St, 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. Also included just outside the zone is 1869 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.