C1-A MIXED USE ASSIGNMENT | 13% CAP | $270K $270,000 Niagara Falls
‹
image 1 of 1
›
4BR / 2.5Ba
3500ft2
available now
QR Code Link to This Post
🔥 7224 BUFFALO AVE – C1-A CORNER ASSIGNMENT 🔥
$270K ALL-IN | 13% PRO FORMA CAP | ARV $476K | 44% EQUITY
*TURNKEY SYSTEMS (Seller: “All Fixed”)
• Newer roof (5yrs), 200A electric, updated plumbing
• 2 furnaces + 2 HWTs | Separate meters | Brick exterior
• 3,510sf: 1,500sf storefront + 1,755sf 4BD/2BA renovated
Store: $1,500/mo (vacant) | 4BD: $1,250/mo (rented)
Gross: $33K/yr | Expenses: $11.8K | NOI: $18.2K (6.7% CAP)
*MARKET UPSIDE (Buffalo Ave Comps)
Store: $1,900/mo (6720/7214) | 4BD: $1,700/mo (720/7224)
*$43.2K GR | NOI $31.4K | 13.3% CAP | ARV $476K (6.5%)
• High-traffic C1-A Buffalo Ave corner | I-190: 1.5mi (3min)
• BUF Airport: 25mi (30min) | Near State Park/restaurants
• Off-street parking (rare) | Growing LaSalle corridor
✅ Signed contract | Assignable | $500 EMD deposited
✅ Cash closes Jan 6 | 21-day inspection | Partner approval
✅ FIRST QUALIFIED BUYER** gets comps + full proforma
📞 REPLY NOI – Limited assignment window
“Equitable interest via signed purchase agreement”
post id: 7902001511
posted: 2025-12-12 15:40
[?]
Source link
