13-29 Ontario Street Buffalo NY 14207 | B1459913

Looking for a multi-family investment opportunity that checks all the boxes? Look no further than this 9-unit package deal in the heart of Black Rock/Riverside. Consisting of 4 neighboring homes, including 13, 15, 27, and 29 Ontario Street, this package offers both convenience and comfort. Located just seconds from major thruway access, tenants will love the ease of commuting and getting around town. 8 of the 9 apartments feature 3-bedroom units, original oak hardwood floors, formal dining rooms, and solid wood interior doors and moldings throughout. For added convenience, each home comes with off-street parking and a garage space for every rental unit. The 9th unit is located above the garage of 29 Ontario Street, and is a spacious 1 bedroom/1 bathroom space that offers tenants the ultimate privacy and comfort. As an added bonus, 3/4 homes boast newer tear-off roofs, while many of the hot water tanks and furnaces have been recently replaced. With rent assumptions for the three rent ready apartments at $1,200/unit/month the PGI is $93,060 w/ a cap rate of 8.54% w/ plenty of room to increase the rents and get to a 10.5% cap rate. Property taxes: $5,448. Sewer/Garbage Fees: $1,646.