Niagara Falls, NY Portfolio, 9.32% Cap Multi-Family FOR SALE


Niagara Falls, NY - Greater Niagara Falls
$900,000 USD
716-908-1126
, Niagara Falls, NY for Sale
$900,000 USD
Multi-Family - FOR SALE
1/6
null | 9.32% Cap Rate

Niagara Falls, NY Portfolio, 9.32% Cap
Niagara Falls, NY
Greater Niagara Falls


HIGHLIGHTS

  • 9.32% in-place cap rate on $109,200 gross annual rent; pro forma rent of $122,400
  • Seller financing available: 30% down ($270,000), $630,000 at 8% fixed, no prepayment penalty
  • Two structures offered — 3-year interest-only at $4,200/mo, or 20-year fully amortizing at approx. $5,269/mo
  • Approx. $90,000 of recent capital improvements at 521 29th St
  • Established long-term tenancies across most of the portfolio; one unit delivered vacant for immediate lease-up or owner setting of market rent
  • 25 minutes from the Ontario border — accessible for GTA-based ownership and self-management

OVERVIEW

A six-property, seven-unit residential income portfolio in Niagara Falls, New York, offered in its entirety at $900,000 USD. The portfolio produces $109,200 in current gross annual rent against an estimated $83,924 NOI, a 9.32% cap rate at the asking price. Projected rent at market is $122,400, giving a new owner near-term upside through natural turnover rather than repositioning. The assets comprise of 5 single-family homes and 1 two-unit residential property. Roughly $90,000 of renovation capital was recently invested at 521 29th St. Most units are occupied by established long-term tenants; one property is vacant and rent-ready, allowing an incoming owner to set market rent immediately. Seller financing is available to a qualified buyer at 30% down. The seller will carry $630,000 at 8% fixed up to a 20 year fully amortizing note at approximately $5,269 per month. No prepayment penalty for early repayment. Financing terms are subject to buyer qualification, credit review and final written agreement. Niagara Falls sits directly across the border from the Niagara Region of Ontario and roughly 90 minutes from Toronto, making the portfolio practical for GTA-based investors to inspect and oversee. All figures are stated in US dollars. Prospective Canadian purchasers should obtain independent cross-border legal, tax and financing advice; no representation is made regarding a foreign buyer's ability to obtain US refinancing.

ASK ABOUT THIS PROPERTY

Rachel AsplandRZ Real Estate LLCMore Info
716-908-1126

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Rachel AsplandRZ Real Estate LLCMore Info
716-908-1126

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