6908 Buffalo Ave 3 biens • À vendre 890 311 $ CAD • Niagara Falls, NY

INVESTORS TAKE NOTICE....Look at this package.... A 6 room Motel, a Restaurant, a 2 bedroom ranch house & a parking lot. The restaurant features equipment you need to get started: tables, barstools, kitchen appliances, grill, gas stove and walk in cooler to name a few. (3 year lease in place @$2000/month as a Social Club) The 6 room motel has 4 long term tenants (rent includes heat and electric). The other 2 units are ready to be rented out either long term or nightly. The 2 bedroom remodeled ranch would make an excellent location for an owner/manager to live just steps away from the motel/restaurant. A view of the Niagara River from the restaurant front window adds charm for your guest. Located on Buffalo Ave which is a main throughfare into the City of Niagara Falls and a block from the Grand Island Bridge makes this the perfect opportunity and location to operate your business. This package include 3 parcels: This package include 3 parcels: 6908 Buffalo Ave SBL 160.82-1-21...6826 Buffalo Ave SBL 160.82-1-38 and 113 69th St SBL 160.82-1-22 Sale Price of $650k yields the following results: Cashflow (free & clear) = $32k - That is a 25% return on your downpayment of $130k; A very healthy Cap Rate of 11; Debt Service Coverage Ratio (DSCR) of 1.81. This means that with a commercial lender, this asset looks strong and attractive. Most lenders want to see 1.25 and higher. - This analysis does not even factor in the potential income that can be drawn from the extra parking lot (parking income for commercial vehicles, storage, buildable lot).