Courtesy: Howard Hanna WNY Inc.
716-655-1655
Excellent investment opportunity in the heart of North Collins! This 4-unit multifamily property offers strong income potential with an additional unit that could become a fantastic Airbnb or short-term rental opportunity after renovation. Currently generating $2,700 per month in rental income across the four occupied units, this property presents a great opportunity for investors or owner-occupants alike. The property is connected to public sewer and water and features five gas meters and five electric meters already in place, providing excellent future flexibility. There is ample off-street and on-street parking for tenants and guests. The building includes two lower apartments, one offering 2 bedrooms and 1 bathroom and the other featuring 1 bedroom and 1 bathroom. The two upper units include a spacious 3 bedroom, 1 bathroom apartment and an additional 1 bedroom, 1 bathroom unit. One of the upper apartments features a large kitchen, and all units offer generously sized living rooms. Conveniently located within walking distance to several local restaurants and just a short drive to the villages of Eden and Hamburg, this property also provides easy access to Buffalo, approximately 30 minutes away. Outdoor enthusiasts will appreciate the close proximity to Franklin Gulf County Park and Clear Lake Dam for hiking, fishing, and recreation. Please note the live edge shed is not included in the sale and is owned by a tenant. With solid current income and additional upside potential through the unfinished unit, this is a rare opportunity to own a versatile multifamily property in a desirable village location.
North Collins is located in New York. North Collins, New York 14111has a population of 3,505. North Collins 14111 is more family-centric than the surrounding county with 39.7% of the households containing married families with children. The county average for households married with children is 26.77%.
The median household income in North Collins, New York 14111 is $67,670. The median household income for the surrounding county is $62,578 compared to the national median of $69,021. The median age of people living in North Collins 14111 is 38.5 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 47 inches per year, with 104.3 inches of snow per year.
