565 7th Street, Niagara Falls, NY 14301 (MLS # B1715125)

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PRICE $950,000 BEDS 12 BATHS 0 HOME SIZE 15,608 sqft LOT SIZE 8,090 sqft Request More Info Schedule a Showing

A truly unique opportunity to own a substantial, architecturally distinctive 12-unit property ideally positioned in the heart of Niagara Falls. Built in 1924, this impressive property reflects the craftsmanship, scale & architectural character of an era when buildings were constructed to make a statement & much of that original grandeur has been preserved. The current owner has thoughtfully invested in the property, updating kitchens & bathrooms throughout to give the building a fresh, modern look while retaining the character & charm that made this property so distinctive. The result is a rare combination of historic architectural appeal & modern income producing potential. The location is exceptionally attractive for both residential & investment purposes. The property is within walking distance of the Seneca Niagara Resort & Casino & Niagara Falls Memorial Medical Center , two major downtown employment centers. The casino currently employs thousands of people throughout its operations, while Memorial Medical Center is a major healthcare institution serving the region. Just minutes from the Rainbow Bridge to Canada, Niagara Falls State Park, the Niagara River, downtown entertainment, restaurants, shopping & other major attractions, the property sits in an area that benefits from both year round employment & international tourism economy. Niagara Falls continues to be a major destination attracting visitors from around the world, creating a unique environment for investors seeking multiple sources of rental demand. This is more than an apartment building it is an opportunity to acquire a substantial piece of Niagara Falls history while positioning yourself for the future. The combination of 12 two (2) bedroom units, historic architecture, recent interior improvements, strong location, employment centers & proximity to one of the world's most recognized tourist destinations creates tremendous potential for an investor looking to establish or expand a portfolio. The real opportunity here is the income growth potential this property offers an investor the ability to increase rental income over time & building equity, this is a property worth serious consideration.