1952 Whitney Avenue, Niagara Falls, NY 14301 | MLS #B1681932 | HUNT Real Estate
 
  • 28 days on site
  • 3 views

ATTENTION INVESTORS - MASSIVE DUPLEX WITH UPSIDE AND IMMEDIATE CASH FLOW! Welcome to this beautiful side by side duplex in Niagara Falls, 1952 Whitney Ave, a turnkey 2,510 sq ft duplex perfectly situated in the heart of Niagara Falls. This cash flowing asset features separate utilities (separate gas and electric meters) to keep your expenses low and margins high. The left side tenant occupied features a spacious 3 bedroom, 1 bath layout generating a steady $1,100/month. The right side unit is vacant, freshly prepped, and features a 3 bedroom, 2 bath footprint (one bedroom is downstairs with full bathroom) featuring a formal dining room and large living area. Major updates include newer roof (aprox. 6 years old), circuit breakers, low maintenance composite siding, new windows, a water tank from 2023, and an incredibly convenient location just blocks from Hyde Park. Properties with this combination of size, separate mechanics, and immediate income are rare. Perfect for investors seeking: - Immediate income with value-add upside - House hacking (live in one, rent the other) - Strong cash-on-cash potential after lease-up, (total yearly income potential of $28,200, leasing the vacant unit for $1,250/month; minimal updates can maximize cap rate even more and overall return!). Opportunities like this with size, separate utilities, and vacancy for rent optimization are limited in this price range! Showings begin immediately (please provide at least 24 hrs notice to coordinate the showing with the tenant occupied unit), offers reviewed as received, seller is motivated.

Source: New York Alliance, MLS#: B1681932

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  • Property Type
    Residential Income
  • Lot
    0.11 acres

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  • Median Age
    42
  • Population Density
    7,080
  • College Educated
    30%
  • Estimated Median Income
    $31,244
  • Estimated Total Home Owners
    2,581
  • Estimated Total Renters
    3,154
  • Owner / Renter Divide
    45% / 55%
  • Estimated Average Household Size
    2
  • Total Population
    11,838
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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