Property
Presented By: Amanda L Dopp with Keller Williams Realty WNY;
This well-maintained, 2.5-story brick apartment building offers a fantastic investment opportunity with strong potential for value-add improvements. Located on Sheridan Drive, a major commercial corridor connecting the suburbs of Tonawanda and Amherst, the property features a desirable mix of 11 two-bedroom and 4 one-bedroom apartments, each with spacious layouts and eat-in kitchens.
Key Property Highlights:
One and two-bedroom apartments with room for upgrades and increased rental income.
Building Improvements: Recent updates include newer roofs and windows.
Prime Location: Positioned along a high-traffic commercial route with easy access to shopping, dining, and major highways.
Strong Upside Potential: Significant opportunity for upgrades to interiors, including kitchen and bathroom enhancements, that can lead to higher rents and increased property value.
Low Maintenance: Solid 1966 construction with low-rise apartment style (3 stories total), making for minimal upkeep.
No. Units: 15 total (11 two-bedroom, 4 one-bedroom)
Unit Features:
Air Conditioning
Balconies in select units
Dishwashers
Refrigerators and Ovens
Heating and Carpeted Floors
Spacious Family Rooms and Freezer Options
Bathtub/Shower Combos
Site Amenities:
24-Hour Access
Controlled Access for added security
Don’t miss out on this opportunity to acquire a well-located multifamily asset with substantial upside potential.
Presented By: Amanda L Dopp with Keller Williams Realty WNY;
Total Bedrooms15
Main Level Bathrooms0
Total Baths
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringCarpet, Varies
Heating Y/NYes
Laundry FeaturesCoinOperated
Total Fireplaces
Total Stories2
AppliancesDishwasher, GasWaterHeater, Refrigerator
CityTonawanda-Town
Community FeaturesLaundryFacilities
Construction MaterialsBrick
CountyErie
DirectionsNiagara Falls Blvd to Sheridan
Elementary School DistrictKenmore-Tonawanda Union Free District
Exterior FeaturesAwnings, BlacktopDriveway
Garage Spaces0.0
Garage Y/NNo
HeatingGas, Baseboard
High School DistrictKenmore-Tonawanda Union Free District
Lot Size Square Feet18382.0
Lot Size UnitsAcres
MLS AreaTonawanda-Town-146489
Middle/Junior School DistrictKenmore-Tonawanda Union Free District
Number Of Units Total15
OwnerPaysSnowRemoval, Water
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalOther
Property SubtypeOther
Property TypeMultiFamily
Rent IncludesSnowRemoval, Water
RoofAsphalt
School DistrictKenmore-Tonawanda Union Free District
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Tax Annual Amount34982.0
Tax Assessed Value291000
Tax Lot8
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected, WaterConnected
Waterfront Y/NNo
Year Built1966
Year Built DetailsExisting
Building Area Total12984.0
Lot Dimensions131X140
Lot FeaturesNearPublicTransit, Rectangular
Lot Size Acres0.422
Lot Size Area0.422
Parking FeaturesOneSpace, NoGarage
Water SourceConnected, Public