1160 Tonawanda Street
$750,000
24
8,640
8,640
$87
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.
- Listed by Emily Cornwell • Hanna CommercialP: (716)-856-7107 C: (716)-909-1375 emilycornwellwny@gmail.com
- 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 WaterfrontNo
Parking DescriptionThree Or More Spaces, Driveway
Nearest Cross StreetVulcan Street
LISTING UPDATED: 10/03/2024 02:04 AM
Property Details for 1160 Tonawanda Street
Status | Active |
---|---|
MLS # | B1568524 |
Days on Market | 57 |
Taxes | $5,146 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Rooming House |
Year Built | 1900 |
Lot Size | 0.22 AC / 9,600 SF |
County | Erie County |
Building Information for 1160 Tonawanda Street
Stories2Residences24Year Built1900Building Size-Lot Size0.22 AC / 9,600 SF
Property Information for 1160 Tonawanda Street
Property History for 1160 Tonawanda Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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