366 Goundry St - Multi-Family FOR SALE


North Tonawanda, NY 14120
$569,900 USD
716-874-3530
366 Goundry St, North Tonawanda, NY for Sale
$569,900 USD
Multi-Family - FOR SALE
1/26
null | 6.14% Cap Rate

366 Goundry St
North Tonawanda, NY 14120


HIGHLIGHTS

  • WELL CARED FOR BUILDING WITH LONG TIME OWNER
  • RENTS WELL BE AREA COMPETITION /ALL UTITLTIES SUB-METERED EXCEPT FOR WATER.
  • PLENTY OF OFF STREET PARKING. UNITS OFFER KITCHEN APPLIANCES AND FULL BATHS WITH TUB AND SHOWER
  • ALL TENANTS CURRENTLY MONTH TO MONTH
  • ASSET IS CLOSE TO VIBRANT MAIN ST. DISTRICT, CLOSE TO CBD'S OF BUFFALO AND NIARGARA FALLS AND CANADIAN BORDER.

OVERVIEW

Welcome to 366 Goundry Street, a distinguished six-unit investment property offering a rare opportunity in the heart of North Tonawanda. Situated in an established residential neighborhood just minutes from the city's vibrant downtown district, this impressive property combines classic architectural character, a desirable location, and strong income-producing potential. The property consists of six residential units featuring a mix of studio, one-bedroom, and two-bedroom layouts, each with a full bath and kitchen appliances. All six units are currently occupied with month-to-month tenancy, providing immediate rental income along with flexibility for future ownership. Separate utilities and ample off-street parking further enhance the property's functionality and appeal. Current rents are below projected market levels, creating a compelling value-add opportunity for an investor seeking to increase revenue over time through strategic rent adjustments and continued property improvements. Conveniently located near shopping, dining, entertainment, parks, the Niagara River, public transportation, and major roadways, 366 Goundry is well positioned within one of North Tonawanda's established rental markets. Whether you're looking to expand an existing portfolio or acquire a substantial multi-unit asset with current cash flow and future upside, 366 Goundry Street presents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$569,900 USD

PRICE/SF

$89 USD /SF

# OF UNITS

6

PRICE/UNIT

$94,983

CAP RATE

6.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GOUNDRY APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,680 SF

ZONING

-

APN/PARCEL ID

185-024-0001-007-000

ASK ABOUT THIS PROPERTY

Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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Michael BattagliaNetwork One RealtyMore Info
716-874-3530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.