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Investment Property!High Return on your money!Niagara Falls,NY,Buffalo

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Location: Niagara Falls, New York

Shipping: TBD

Time Left: 16d 14h 44m

$69999.00

THIS IS A RARE OPPORTUNITY TO BUY A FULLY REMODELED AND RENTED SINGLE FAMILY HOUSE IN A NEW DOWNTOWN MEDICAL CORRIDOR OF NIAGARA FALLS, NEW YORK. YOU WON'T FIND A BETTER DEAL ANYWHERE! 907 Ferry Ave, Niagara Falls New York. Walking distance to the Niagara Water Falls, Casino and Canada! Across the street from Memorial hospital, Niagara Heart Center and many new medical offices. Great future potential and very good income property with long term tenant. Currently rented for $700/month. Collect $8,400 a year. Rented to a Section 8 program so government pays the rent. You get your money on the first of each month, never late! Already passed all government inspections before a tenant was allowed to move in and inspected every year at renewal. Last inspection was done about 2 month ago before the lease was renewed for another year. Currently there is about 5 year waiting list to get on the program so ones they find a nice house they stay for many years. I have some 20+ year tenants. Downtown Niagara Falls. Across the street from the Niagara Memorial Hospital. $400 Million Seneca Casino, Niagara Water Falls, Canada and many new developments and attractions just short walk from the house. There is a few big development plans proposed for this neighborhood (condo and townhomes project proposed just few away from this property). Similar homes on the Canadian side already sell for over $300,000. Located just few houses away from Niagara Memorial Hospital, New Heart Center and few new medical offices being built right now. Excellent potential. My property insurance premium is $345 a year. Insured value of home $216,300. Personal liability $100,000. Rent $8,400 Property Tax $780 a year. I own this property for about 10 years and its always been a big money maker for me. I recently completed $30,000 + remodeling of this property.New Roof,New Plumbing. All new water lines, all new drain etc.New Heating.New Hot Water Heater.New Flooring. New Interior PaintNew Electric. New Vinyl Siding so you have maintenance free exterior of the house. Location, Location, Location!!! This property is located just a walking distance away from one of the seven Wanders of the World, The Niagara Water Falls! Seneca Casino, Canada and many attractions just short walk from this property! Similar property on the Canadian side just about a mile from this property would sell for over $500,000+. Take advantage of real estate crash before prices will go up.Due to our expertise in the local market, we are able to find Superior properties for below market value and pass our savings to the individual investor!This is perfect for the first time or experienced investor. Start off small and build your nest egg.We have long standing contacts for all aspects of investment property ownership! I will help you with property insurance transfer, property management and any other services you may need.Get in before it is too late. Niagara Falls is on the verge of exploding property values. Great example is Buffalo where real estate skyrocketed last year in some areas as much as 300% so Niagara Falls might be next.These low prices are already starting to steadily increase.Your options are unlimited! You could either hold this property for a few years then re-sell this property for a profit or you could continue to collect the cash flow each month for many years to come then once you have paid yourself back for the purchase you could re-sell and it would all be profit whether it appreciates 10% or 50%. The rents will pay for this property many times over if you decide to hold.This is a very rare UNIQUE property in excellent condition with a long term tenants. Seneca Casino | Wonder Falls Project | Niagara Falls Live | Niagara University | Niagara Falls Redevelopment Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information and pay $3,000 deposit. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred in within 5 working days or sooner via bank wire transfer.

  • Zip/Postal Code: 14301
  • Property Address: 907 FERRY AVE
  • Seller State of Residence: NY
  • State/Province: New York
  • City: Buffalo
  • Property Type: House
  • Number of Bedrooms: 3
  • Number of Bathrooms: 1
  • Sale Type: Existing Homes
  • Square Footage: 1400
  • Setting: Urban, City
  • For Sale by: Owner