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1060 Harlem Road

Cheektowaga, NY 14227
  • $650,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: B1380006
UPDATED: 63 min ago
$650,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,808
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:

Description

Immediate Income Opportunity with $73,197.96 in actual gross income, 7.47% cap rate. This highly visible mixed use property includes (2) 2bdrm apartments and (3) retail shops, 100% tenant occupied, with all tenants up to date on current rent obligations. All 3 retail tenants are on leases until 2023/2024 all with escalating rent amounts. Building features a 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. All retail spaces have separate gas and electric utilities including separate air conditioning/hot water systems. The residential portion includes (2) two bedroom apartments leased with tenants until 2022 who are responsible for their own electric/gas utilities and have a common laundry area. Property includes 23 off-street parking spaces. Property taxes: $7,565.25, water utility: $484.00 (last 4 bills). Property can be purchased at a discount if purchased with 1064 Harlem (MLS #B1380114)

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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: 2022-01-19T08:13:38.98.
www.716realtygroup.com/homes/123628373
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1060 Harlem Road Cheektowaga, NY 14227

  • Price: $650,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 63 min ago
  • MLS #: B1380006
0
Beds
0
Baths
0
½ Baths
0.34
Acres
5,808
SQFT
$112
$/SQFT
1960
Built
Neighborhood:
Cheektowaga-143089
County:
Erie
Area:
Cheektowaga-143089
School District:
Cheektowaga-Sloan
Property Description
Immediate Income Opportunity with $73,197.96 in actual gross income, 7.47% cap rate. This highly visible mixed use property includes (2) 2bdrm apartments and (3) retail shops, 100% tenant occupied, with all tenants up to date on current rent obligations. All 3 retail tenants are on leases until 2023/2024 all with escalating rent amounts. Building features a 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. All retail spaces have separate gas and electric utilities including separate air conditioning/hot water systems. The residential portion includes (2) two bedroom apartments leased with tenants until 2022 who are responsible for their own electric/gas utilities and have a common laundry area. Property includes 23 off-street parking spaces. Property taxes: $7,565.25, water utility: $484.00 (last 4 bills). Property can be purchased at a discount if purchased with 1064 Harlem (MLS #B1380114)
Exterior Features

Construction Materials BlockMasonryWood Siding Parking Features CommonOn SiteParking Lot Parking Total 23 Roof AsphaltPitched Waterfront YN No

Interior Features

Basement None Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring CarpetLinoleumVinyl Heating GasForced Air Heating YN Yes Levels Two

Property Features

Accessibility Features No StairsAccessible Entrance Documents Available Survey Inclusions Land And Building Lease Considered YN No Listing Terms CashConventional Possession Close Of Escrow Possible Use ResidentialRestaurantRetailService Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 7567 Zoning 05C Zoning Description Residential Multi Use

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: 2022-01-19T08:13:38.98.
 
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Buffalo NY, 14203