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Eleanor Apartments 704 8th St 27 Unit Apartment Building $6,979,600 CAD ($258,504 CAD/Unit) 8.42% Cap Rate Niagara Falls, NY 14301

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INVESTMENT HIGHLIGHTS

  • HISTORIC BUILDING IN THE HEART OF NIAGARA FALLS

EXECUTIVE SUMMARY

The historic Eleanor Apartments, Situated in the heart of Niagara Falls, this four-story building offers a collection of stunning, newly renovated apartments. Choose from studio, one-bedroom, and two-bedroom options, each meticulously designed with your comfort in mind. A contemporary designed brick building founded on a 100 years old stone foundation, you'll find modern amenities including air conditioning, ensuring a pleasant environment throughout the year. The building is quiet and well-lit, enhancing the peaceful ambiance. An elevator is available for your convenience, making daily commutes effortless. All apartments feature brand-new stainless-steel appliances and elegant quartz countertops, adding a touch of sophistication to your living space. Additionally, residents have access to the on-site laundry room, gym facilities, and storage units* for their convenience. For your vehicles, dedicated off-street parking is conveniently located in the adjacent lot, just across the street*. Discover the charm of Niagara Falls with our four floors of recently renovated apartments located right in the heart of the city!

PROPERTY FACTS

Price $6,979,600 CAD
Price Per Unit $258,504 CAD
Sale Type Investment
Cap Rate 8.42%
No. Units 27
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.20 AC
Building Size 23,952 SF
Average Occupancy 89%
No. Stories 4
Year Built/Renovated 1925/2022
Parking Ratio 0.79/1,000 SF
Opportunity Zone Yes
Zoning C2-A - Mixed

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Smoke Free
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 13 $1,675 CAD 500
2+1 14 $1,884 CAD 650 - 800
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291100-144-078-0002-051-000
Land Assessment
$24,425 CAD
Improvements Assessment
$885,211 CAD
Total Assessment
$909,636 CAD
  • Listing ID: 29986927

  • Date on Market: 2023-11-07

  • Last Updated:

  • Address: 704 8th St, Niagara Falls, NY 14301

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