301 Payne Avenue

North Tonawanda, NY 14120

$450,000
Price
4
Beds
4
Baths
6,476 Sq. Ft.
$69 / Sq. Ft.
6,476
Sq. Ft.
$69
per Sq. Ft.

Description

Attention investors: 10% cap rate! Fully occupied! Completely remodeled building has two first floor commercial units and two second floor residential apartments. Each apartment includes two bedrooms, one full bathroom, kitchen, living room, and laundry room. Total rental income is $4500 per month and tenants are responsible for their individual gas and electric. Every unit was gutted to the studs and redone including but not limited to their insulation, electric, plumbing, drywall, kitchens, and...Attention investors: 10% cap rate! Fully occupied! Completely remodeled building has two first floor commercial units and two second floor residential apartments. Each apartment includes two bedrooms, one full bathroom, kitchen, living room, and laundry room. Total rental income is $4500 per month and tenants are responsible for their individual gas and electric. Every unit was gutted to the studs and redone including but not limited to their insulation, electric, plumbing, drywall, kitchens, and flooring. Property management is in place that can transfer or cancel with the sale. This one's a "no brainer"! Also listed as a commercial property, see MLS B1553495
  1. Listed by Vienna Laurendi • Howard Hanna WNY Inc
    P: (800)-422-7636 C: (716)-430-5118 Vienna@Laurendi.com
  2. Listed by Carmen J Laurendi • Howard Hanna WNY Inc
    P: (800)-422-7636 C: (716)-622-7660 laurendi@laurendi.com

Property Details for 301 Payne Avenue

Subdivision Comm Complex
Mile Reserve
Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
On Street
Nearest Cross Street
Schenck
LISTING UPDATED: 10/08/2024 06:35 PM

Property Details for 301 Payne Avenue

StatusActive
MLS #B1553026
Days on Market126
Taxes$5,523 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential / Mixed Use
Year Built1930
Lot Size0.08 AC / 3,591 SF
CountyNiagara County

Building Information for 301 Payne Avenue

Stories2Residences4Year Built1930Lot Size0.08 AC / 3,591 SF

Property Information for 301 Payne Avenue

Summary
Location and General Information
  • Elementary School District: North Tonawanda
  • High School Name: North Tonawanda High
  • High School District: North Tonawanda
  • Middle School Name: North Tonawanda Middle
  • Middle Or Junior School District: North Tonawanda
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: North Tonawanda-City-291200
  • Tax Annual Amount: $5,523.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 6476.0
  • Land Features: Corner Lot, Near Public Transit, Rectangular, Residential Lot
  • Num Of Acres: 0.0824
  • Lot Size Area: 0.0824
  • Lot Size Square Feet: 3591.0
  • Lot Size Units: Acres
  • Parcel Number: 291200-182-079-0001-001-000
  • Road Frontage: City Street, Main Thoroughfare
  • Lot Number: 1
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $94,000
  • Year Built: 1930
  • Year Built Description: Existing
  • Zoning Description: Residential Multi Use
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 4
  • Num Of Gas Meters: 3
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone, Vinyl Siding
  • Roof Description: Flat, Membrane, Pitched, Rubber
  • Type Of Building: Mixed
Interior Features
  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement Description: Full, Sump Pump
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 4
  • HVAC Type: Ductless
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Varies
  • Heating: Ductless, Electric, Gas, Forced Air
  • Heating YN: Yes
  • Laundry Features: Washer Hookup
  • Levels: Two
  • Sq Ft Total: 6476.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expense Includes: Insurance, Professional Management, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dishwasher,Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,200.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1200
Unit 2
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dishwasher,Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,200.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1200
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $900.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 900
Unit 4
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $1,200.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1200
Rental
Rental Information
  • Rent Includes: Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 301 Payne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 301 Payne Avenue

Taxable ValueLand$5,000Additions$89,000Total$94,000
Home Facts
Total Finished SqFt4,763 SqFtAbove Grade Finished SqFt4,763 SqFtUnfinished Basement SqFt1,713 SqFtStories2Lot Size3,645 SqFtStyleOffice BuildingYear Built1930ZoningC-2CountyNIAGARAAPN291200 182.79-1-1

Schools near 301 Payne Avenue

This home is within North Tonawanda City School District.
Rating
School
Type
Grades
Distance
Spruce School
Public - K to 4
North Tonawanda Middle School
Public - 7 to 8
North Tonawanda High School
Public - 9 to 12
The Baptist School
Private - PK to 12
Rating
School
Distance
Spruce School
PublicK to 4

North Tonawanda Middle School
Public7 to 8

North Tonawanda High School
Public9 to 12

The Baptist School
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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More information about 301 Payne Avenue, North Tonawanda, NY 14120

301 Payne Avenue is a mixed use property for sale in North Tonawanda, NY 14120. This property was listed for sale on July 18, 2024 by Howard Hanna WNY Inc, it's currently listed at $450,000. This listing's school district is North Tonawanda City School District. Nearby schools include Spruce School, North Tonawanda Middle School and North Tonawanda High School. 301 Payne Avenue is a 4-bed, 4-bath, 6,476 sqft mixed use property built in 1930.

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 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.