D
Seller's Agent in 2019
Daniel Glushefski
Pilgrim Properties LLC
(716) 400-1921
1 in this area
45 Total Sales
257 Witmer Rd North Tonawanda, NY 14120
--
Bed
--
Bath
5,600
Sq Ft
0.43
Acres
About This Home
As of May 2019Huge cash flow 13% cap, newly remodeled, new tear off arch roof, siding and paint outside, new paint and flooring in. We recently took over this building with 2 units rented, 2 bd $500 and # bd $725, we have allowed both tenants to stay and are gradually raising their rent. We rented the 3 bd for $925 which is the only apt that includes electric also along with heat and water. Currently their are 3 apts to view that are all for rent for $750 with a strong response. Huge back yard with outdoor pavilion and large parking lot for ample parking. There is a laundry room to add coin op machines. Depending on when you view you can see any vacant apartments. When fully rented with 2 apts raised gross rents will be $4800 a month minus $1.050 with a net of $3,750 or $45,050 a year not counting coin opp income.
Last Agent to Sell the Property
Listing by Pilgrim Properties LLC License #10491200029 Listed on: 03/09/2019
Last Buyer's Agent
Michael Ballsmith
Listing by No Office Affiliation License #10401316985
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,514
Lot Details
- Lot Dimensions are 79x241
Home Design
- Vinyl Siding
Interior Spaces
- 5,600 Sq Ft Home
- 2-Story Property
Kitchen
- Electric Oven
- Electric Range
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- 3 Parking Spaces
- No Garage
- Driveway
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Rent includes heat, hot water, water
- Assessor Parcel Number 291200-175-015-0001-017-000
Community Details
Overview
- 6 Units
Building Details
- Operating Expense $12,550
- Gross Income $57,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2019 05/23/19 | Sold | $333,000 | -4.8% | $59 / Sq Ft |
| 03/15/2019 03/15/19 | Pending | -- | -- | -- |
| 03/09/2019 03/09/19 | For Sale | $349,900 | -- | $62 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Daniel Glushefski
-
M
Buyer's Agent in 2019
Michael Ballsmith
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1177261
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