Active
1511 Cleveland Avenue, Niagara Falls NY 14305
MLS# B1708260
$130,000
Price
4
Beds
2
Baths
2,042
Living Area (Sq.Ft.)
0.11
Lot Area (Acres)
$130,000
Price
4
Beds
2
Baths
2,042
Living Area (Sq.Ft.)
0.11
Lot Area (Acres)
Investment opportunity with income + Short-Term AirBnB rental potential! Welcome to 1511 Cleveland Ave, a fantastic income-producing property located in the City of Niagara Falls just a short drive the State Park & Canada! This is the type of property investors have been looking for a property with long term tenants already in place providing immediate rental income combined with the potential to take advantage of Niagara Falls' booming tourism market. Whether you're and experienced investor looking to expand your portfolio or a first-time buyer looking for a property where the rental income can help offset your ownership cost, this property deserves your attention! The ability to own a property with established long-term rental income while having the potential to explore future short-term rental possibilities. 9.4 million visitors come to Niagara Falls every year creating an enormous & continually renewing customer base for short-term rental. Own where tourist come! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1215-15th St, 915 Ferry Ave , 1305-15th St, 1526 LaSalle Ave (2 units) all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston & 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65,940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130,200 per year in gross long-term rental income representing approximately $64,260 of additional annual rental income potential through proper rent optimization
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1900
Parcel Number
291100-144-056-0001-017-000
Unit Number
--
Subdivision Name
City/Niagara Falls
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Lot Size Dimensions
120X40
Stories
2
Bath Rooms Full
2
Property Condition
Resale
Elementary School District
Niagara Falls
Middle Or Junior School District
Niagara Falls
High School
Niagara Falls High
High School District
Niagara Falls
Location
Listing Agent
Louis S Rizzo
Listing Office
Howard Hanna WNY Inc.
Owner Name
--
Owner Phone
--
Possession
SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, F H A, Va Loan
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-08-18
Owner Pays
Heat, Snow Removal, Trash Collection, Water
Rent Includes
Heat, Snow Removal, Trash Collection, Water
Gross Income
15840
Fire Places Total
0
Flooring
Carpet, Varies, Vinyl
Heating
true
Heating Features
Gas, Forced Air
Appliances
Gas Water Heater
Electric
Circuit Breakers
Garage
true
Garage Spaces
1
Exterior Features
Fully Fenced
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Cable Available, Sewer Connected, Water Connected
Parking Features
One Space
Foundation Details
Stone
Basement
Full
Construction Materials
Composite Siding, Copper Plumbing
Fencing
Full
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.