2641 Spring Street
Niagara Falls, NY 14305
MLS #B1089384

Apartment Building
    A-Active $450,000
    Est. P&I payment: $1718.7/mo
    2641 Spring Street, Niagara Falls, NY 14305
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 1
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 2
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 3
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 4
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 5
    • 2641 Spring Street, Niagara Falls, NY 14305 Photo 6
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    Description for 2641 Spring Street, Niagara Falls, NY 14305
    18 units studio apartments all inclusive located just minutes from Niagara University in the DeVeaux section of the City of Niagara Falls. Borders the Niagara Gorge and Robert Mosses Parkway. Each unit rents for $450.00. Boiler and Hot water tank replaced 2017. Windows & Roof updated. All units have been updated solid well constructed all brick property with its own parking lot. Can be sold as part of a package with total 25 units. 708 Ashland (2 units - B1089373) 1611 Linwood (1 unit - B1089243) 1844 Weston (1 unit - B1089244) 1718 Ashland (1 unit - B1089317) & 836 Chilton (2 units - B1089378). Expenses according to 2016 tax form from seller: Utilities: $13,062.00, Insurance: $3,401.00, Management Fees: $8,640.00. Presently 17 units are rented at 100% occupancy yearly income $97,200.
    MLS #B1089384
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    My Notes for MLS #B1089384

    General Features

    • Listing Type: Exclusive Right To Sell
    • Property Type: 5 + Unit Apartments
    • Status: A-Active
    • Total Num of Apartments: 18
    • Type of Sale: Normal
    • Year Built: 1910
    • Year Built Description: Existing
    • Num of Studio Apartments: 18

    Exterior Features

    • Driveway Description: Blacktop
    • Exterior Construction: Brick
    • Garage Spacesper Apt: No Garage Spaces
    • Lot Dimensions Depth: 177
    • Lot Dimensions Frontage: 108
    • Lot Information: Near Bus Line,​Neighborhood Street
    • Lot Number: 25
    • Num of Acres: 0.4412
    • Parking Spacesper Apt: 3 Or More Spaces
    • Roof Description: Rubber Membrane

    Interior Features

    • Basement Description: Exterior Walkout,​Full
    • Floor Description: Vinyl-Some,​Wall To Wall Carpet-Some
    • Kitchen Equip Appl Included: In All Apartments,​Oven/Range Electric-Some,​Refrigerator
    • Num of 1 Bedroom Apartment: 18
    • Num of Stories: 2
    • Sq Ft Total: 11,396

    Utility Features

    • Heating Fuel Description: Gas
    • HVAC Type: Baseboard
    • Num of Electric Meters: 1
    • Num of Gas Meters: 1
    • Num of Heating Units: 1
    • Sewer Description: Sewer Connected
    • Water Heater Fuel: Gas
    • Water Resources: Public Connected

    Financial Features

    • City Village Tax: 2,308
    • Gross Annual Income: 97,200
    • Incomeexpense Information: Provided By Owner,​Tax Return
    • Operating Expenses Include: Electric,​Gas/Oil,​Insurance,​Property Management,​Refuse,​Utilities,​Water / Sewer
    • Rent Includes: All Utilities
    • School Tax: 4,024
    • Studio Average Monthly Rent: 450
    • Total Taxes: 7,406
    • Town County Tax: 1,074

    Community Features

    • Amenities Included: No Amenities
    • County Or Parish: Niagara
    • Nearest Cross Street: Chasm Ave
    • Subdivision Comm Complex: Mile Reserve
    • Village: Not Applicable

    School Features

    • High School Name: Niagara Falls High
    • School District Name: Niagara Falls

    Location

     
    Street View Not Available
    Directions to 2641 Spring Street, Niagara Falls, NY 14305
    Either Main Street or Whirpool Street to Chasm to Spring Street
    The listing information for 2641 Spring Street, Niagara Falls, NY 14305 was graciously provided by our friends at the listing brokerage, Howard Hanna

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    P&I Payment $1718.7
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    Last Updated 12/11/2017 at 5:59am
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