1160 Tonawanda Street

Buffalo, NY 14207

$750,000
Price
24
Beds
8,640 Sq. Ft.
$87 / Sq. Ft.
8,640
Sq. Ft.
$87
per Sq. Ft.

Description

Ignore the dust and focus on the RETURN! With 24 rooms and current 85% occupancy, this cash cow brings in an annual NET return of over $120,000.00. Brand new sprinkler system (2024), over a $100,000 investment significantly reducing annual insurance costs. Low Town of Tonawanda taxes (under $5,500), modest monthly utility costs, mostly updated windows, on-site coin operated laundry, 3 common restrooms, full dry basement, updated electric, brand new hot water tank, newer sewer line (2017), large parking...Ignore the dust and focus on the RETURN! With 24 rooms and current 85% occupancy, this cash cow brings in an annual NET return of over $120,000.00. Brand new sprinkler system (2024), over a $100,000 investment significantly reducing annual insurance costs. Low Town of Tonawanda taxes (under $5,500), modest monthly utility costs, mostly updated windows, on-site coin operated laundry, 3 common restrooms, full dry basement, updated electric, brand new hot water tank, newer sewer line (2017), large parking lot, and garage. Close to transit and easy to occupy few remaining units. First Floor can be rebuilt as a tavern (previous use), or additional income-producing first-floor retail, or units/rooms. 18/24 rooms bring in over $500/m each with room rates up to $700/m. Buy, hire management, or manage yourself and Take Home over 6-figures annually.
  1. Listed by Emily Cornwell • Hanna Commercial
    P: (716)-856-7107 C: (716)-909-1375 emilycornwellwny@gmail.com
  2. Listed by Angela Frugoli • Howard Hanna WNY Inc.
    P: (716)-691-5800 C: (716)-348-4994 angelafrugoli@howardhanna.com

Property Details for 1160 Tonawanda Street

Subdivision Comm Complex
Jones Tr
On Waterfront
No
Parking Description
Three Or More Spaces, Driveway
Nearest Cross Street
Vulcan Street
LISTING UPDATED: 10/03/2024 02:04 AM

Property Details for 1160 Tonawanda Street

StatusActive
MLS #B1568524
Days on Market9
Taxes$5,146 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Rooming House
Year Built1900
Lot Size0.22 AC / 9,600 SF
CountyErie County

Building Information for 1160 Tonawanda Street

Stories2Residences24Year Built1900Building Size-Lot Size0.22 AC / 9,600 SF

Property Information for 1160 Tonawanda Street

Summary
Location and General Information
  • Accessibility: Accessible Bedroom
  • Elementary School District: Kenmore-Tonawanda Union Free District
  • High School District: Kenmore-Tonawanda Union Free District
  • Middle Or Junior School District: Kenmore-Tonawanda Union Free District
  • Village: Not Applicable
  • Human YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Tonawanda-Town-146489
  • Tax Annual Amount: $5,146.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 8640.0
  • Land Features: Corner Lot, Flag Lot, Near Public Transit, Residential Lot
  • Num Of Acres: 0.2204
  • Lot Size Area: 0.2204
  • Lot Size Square Feet: 9600.0
  • Lot Size Units: Acres
  • Parcel Number: 146489-077-320-0006-009-000
  • Road Frontage: City Street
  • Lot Number: 9
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $40,000
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities
  • Construction Materials: Brick
  • Exterior Features: Blacktop Driveway
  • Roof Description: Flat, Membrane, Rubber
  • Security Features: Security System Owned
Interior Features
  • Appliances: Dryer, Gas Water Heater, Washer
  • Basement Description: Full, Sump Pump
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 24
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Tile, Varies, Vinyl
  • Heating: Gas, Radiant
  • Heating YN: Yes
  • Interior Features: Bedroom On Main Level
  • Laundry Features: Common Area, Coin Operated
  • Levels: Two
  • Sq Ft Total: 8640.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 24
  • Operating Expense Includes: Electric, Insurance, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Electricity, Heat, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 1160 Tonawanda Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1160 Tonawanda Street

Taxable ValueLand$9,600Additions$30,400Total$40,000
Tax Record2019$10,152 ($846 / month)
Home Facts
Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtUnfinished Basement SqFt2,880 SqFtStories2Lot Size9,600 SqFtStyleOffice BuildingYear Built1927ZoningTNDCountyERIEAPN146489 77.32-6-9

Schools near 1160 Tonawanda Street

This home is within Kenmore-Tonawanda Union Free School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 7
Public - 8 to 12
Private - PK to 12
Rating
School
Distance
Holmes Elementary School
PublicPK to 4

Herbert Hoover Middle School
Public5 to 7

Kenmore West Senior High School
Public8 to 12

Baker Victory Services
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1160 Tonawanda Street is a multi-family home for sale in Buffalo, NY 14207. This property was listed for sale on September 26, 2024 by Hanna Commercial, it's currently listed at $750,000. This listing's school district is Kenmore-Tonawanda Union Free School District. Nearby schools include Holmes Elementary School, Herbert Hoover Middle School and Kenmore West Senior High School. 1160 Tonawanda Street is a 24-bed, 0-bath, 8,640 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hanna Commercial; Howard Hanna WNY Inc.

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.