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1060-1064 Harlem Road

Cheektowaga, NY 14043
  • $835,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: B1380114
$835,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,888
    SQFT
  • $84
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:

Description

Two highly visible, Immediate Income Opportunities on two adjacent lots with $106,557.96 combined actual gross income, 8% cap rate. 4 retail tenants, 4 residential apartments, one leased garage space between both buildings. All but one tenant is up to date on rent obligations (delinquent tenant is making monthly and partial payments), and pay their own gas and electric utility services. Retail tenants all have separate air conditioning as well, owner responsible for water utility on each building, 35 total parking spaces. 1060 Harlem features completely rebuilt exterior/interior in the last 3 years featuring new exterior walls/facade, tear off roofing systems, new structural framing, spray foam insulation, new mechanical systems and cosmetic upgrades. 1064 Harlem features a 2 year old flat roof over retail office, 10 year old flat roof above the garage, and 5 year tear off asphalt shingle roof. Property taxes: $14,487.33, water utility: $747.71 (last 4 bills). Properties are also marketed for sale individually, 1060 Harlem (MLS#B1380006) and 1064 Harlem (MLS#B1380032)

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©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-01-16T00:13:43.363.
www.716realtygroup.com/homes/123628370
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1060-1064 Harlem Road Cheektowaga, NY 14043

  • Price: $835,000
  • Status: Active
  • On Site: 46 Days
  • MLS #: B1380114
0
Beds
0
Baths
0
½ Baths
0.58
Acres
9,888
SQFT
$84
$/SQFT
1960
Built
Neighborhood:
Cheektowaga-143089
County:
Erie
Area:
Cheektowaga-143089
School District:
Cheektowaga-Sloan
Property Description
Two highly visible, Immediate Income Opportunities on two adjacent lots with $106,557.96 combined actual gross income, 8% cap rate. 4 retail tenants, 4 residential apartments, one leased garage space between both buildings. All but one tenant is up to date on rent obligations (delinquent tenant is making monthly and partial payments), and pay their own gas and electric utility services. Retail tenants all have separate air conditioning as well, owner responsible for water utility on each building, 35 total parking spaces. 1060 Harlem features completely rebuilt exterior/interior in the last 3 years featuring new exterior walls/facade, tear off roofing systems, new structural framing, spray foam insulation, new mechanical systems and cosmetic upgrades. 1064 Harlem features a 2 year old flat roof over retail office, 10 year old flat roof above the garage, and 5 year tear off asphalt shingle roof. Property taxes: $14,487.33, water utility: $747.71 (last 4 bills). Properties are also marketed for sale individually, 1060 Harlem (MLS#B1380006) and 1064 Harlem (MLS#B1380032)
Exterior Features

Construction Materials BlockConcreteStoneWood SidingCopper PlumbingPex Plumbing Exterior Features Blacktop Driveway Lot Features Near Public Transit Parking Features Three Or More SpacesDrivewayShared Driveway Road Frontage Type Main Thoroughfare Roof AsphaltFlatShingle Waterfront YN No

Interior Features

Appliances Gas Water HeaterSee Remarks Basement None Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring CarpetLaminateTileVariesVinyl Heating GasForced AirHot Water Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features Common Area Levels Two

Property Features

Accessibility Features Accessible Approach With RampAccessible Entrance Electric Circuit Breakers Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Commercial Rent Includes Common Area MaintenanceTrash CollectionWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 14270 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic

Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing courtesy of Erik Arneth of Keller Williams Realty Wny.
©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-01-16T00:13:43.363.
 
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716 Realty Group
1 Seneca Street #2979
Buffalo NY, 14203