2641 Spring Street
Niagara Falls, NY 14305

Est. Mortgage: $2,152/mo
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  • 11,396
Multi-Family Home

18 units studio apartments all inclusive located just minutes from Niagara University in the DeVeaux section of the City of Niagara Falls. Borders the Niagara Gorge and Robert Mosses Parkway. Each unit rents for $450.00. Boiler and Hot water tank replaced 2017. Windows & Roof updated. All units have been updated solid well constructed all brick property with its own parking lot. Can be sold as part of a package with total 25 units. 708 Ashland (2 units - B1089373) 1611 Linwood (1 unit - B1089243) 1844 Weston (1 unit - B1089244) 1718 Ashland (1 unit - B1089317) & 836 Chilton (2 units - B1089378). Expenses according to 2016 tax form from seller: Utilities: $13,062.00, Insurance: $3,401.00, Management Fees: $8,640.00. Presently 17 units are rented at 100% occupancy yearly income $97,200.

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Property Details
  • Niagara Falls
    school district
  • $7,406.00
  • 1910
  • 2
  • B1089384
Electric range
Electric oven
Baseboard heat
Natural gas heat
Wall to wall carpeting
Vinyl flooring
Full basement
Walkout basement
High school: Niagara Falls High
School district: Niagara Falls
Brick exterior
Lot acreage is: 0.4412
Lot size: 108x177
Subdivision: Mile Reserve
Lot number: 25
Public water
Total square feet: 11396
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Name Type GreatSchools
Niagara Falls High School High School / Public 4 2.32 mi.
Harry F Abate Elementary School * Pre-School, Elementary School / Public 5 0.69 mi.
Henry J Kalfas Magnet School * Pre-School, Elementary School / Public 2 0.89 mi.
Hyde Park School * Pre-School, Elementary School / Public 5 1.5 mi.
Maple Avenue School * Pre-School, Elementary School / Public 4 0.89 mi.
St. Joseph Elementary School * Pre-School, Elementary School, Middle School / Private N/A 1.43 mi.
Address Distance Sale date Sale price
730 66th Street 3.83 mi. 1/10/2018 $375,000
126-140 Stenzil St. Street 9.42 mi. 3/8/2018 $365,000
{"markerType": "ForSale", "lat": "43.11289", "lng": "-79.05597", "Address": "2641 Spring Street", "City": "Niagara Falls", "StateProv": "NY", "ZipCode": "14305"}
{"markerType": "Sold", "lat": "43.08771", "lng": "-78.98844", "Address": "730 66th Street", "City": "Niagara Falls", "StateProv": "NY", "ZipCode": "14304"}
{"markerType": "Sold", "lat": "43.05307", "lng": "-78.88815", "Address": "126-140 Stenzil St. Street", "City": "North Tonawanda", "StateProv": "NY", "ZipCode": "14120"}
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The approximate monthly principal & interest payment for this property would be $2,152.38.

This payment is based on a 30-year loan at a fixed rate of 4.375 % - APR 4.446 % with a down payment of $22,500. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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2641 Spring Street, Niagara Falls, NY 14305 multi-family home offered for sale at $450,000 by Louis Rizzo in the West Amherst/North Tonawanda real estate office.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Howard Hanna Real Estate Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2018 CNYIS, UNYREIS, WNYREIS. All rights reserved.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.