Wholesale

MIXED-USE C1-A CORNER DUPLEX | ASSIGNABLE CONTRACT

Buffalo Ave, Niagara Falls, NY 0

$470,000 After Repair Value -
$270,000 Asking Price -
$0 Cost of Repairs =
$200,000 Potential Profit

Property Details

Asking Price $270,000

After Repair Value $470,000

Costs of Repairs $0

Potential Profit $200,000

Living Area 3,510 ft2

Property Type Multiple / Combo

Bedrooms 4

Bathrooms 2

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $3,600

Yearly Expenses $11,000

Property Taxes $4,500

Net Operating Income $30,900

Cap Rate 7.13

Property Description

3,510 sf mixed-use: ~1,500 sf storefront + 1,755 sf 4BD/2BA upper. Newer roof (~5 yrs), 200A electric, updated plumbing, separate meters, 2 furnaces, 2 hot water tanks. High-visibility corner location.

CURRENT INCOME (AS-IS – USED FOR PRICE)
Storefront: $1,500/mo (vacant, seller-confirmed)
Residential: $1,250/mo (occupied)
Gross: $33K/yr – Expenses: $11.8K/yr ? NOI: $18.2K/yr
~7.1% CAP @ $270K on real current numbers.

MARKET POTENTIAL (PRO FORMA – UPSIDE)
Comps support Storefront ? $1,900/mo and 4BD ? $1,700/mo
That’s $3,600/mo ? $43.2K/yr gross. With the same 27% expense load, NOI ? $30.9–31.4K/yr. At a conservative 6.5% C1-A cap, implied value is ?$476K.

Equitable interest via signed purchase agreement; assigning contract. Cash or hard money only. First qualified buyer gets full pro forma, rent comp screenshots, and contract (redacted) upon request. Showings by appointment only; limited assignment window tied to existing closing date.

CONTACT LISTING OWNER

Yared Mengistu

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