2 months on rocket

1160 Tonawanda St, Tonawanda-Town, NY, 14207

$750,000

Home List Price

$8,906*

Closing Credit

24 Bedrooms
0 Baths
8,640 SqFt
$87/SqFt
Multi

Location

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1160 Tonawanda St, Buffalo$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingThree or more Spaces, Driveway
Year Built1900
HeatingNatural Gas, Radiant
BasementYes
MLS #B1568524
Lot Size0.22 Acres
StatusActive

About 1160 Tonawanda St

Ignore the dust and focus on the RETURN! With 24 rooms and current 85% occupancy, this cash cow brings in an annual NET return of over $120,000.00. Brand new sprinkler system (2024), over a $100,000 investment significantly reducing annual insurance costs. Low Town of Tonawanda taxes (under $5,500), modest monthly utility costs, mostly updated windows, on-site coin operated laundry, 3 common restrooms, full dry basement, updated electric, brand new hot water tank, newer sewer line (2017), large parking lot, and garage. Close to transit and easy to occupy few remaining units. First Floor can be rebuilt as a tavern (previous use), or additional income-producing first-floor retail, or units/rooms. 18/24 rooms bring in over $500/m each with room rates up to $700/m. Buy, hire management, or manage yourself and Take Home over 6-figures annually.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 8,640 SqFt

Listing Office:

  • Office Name: Hanna Commercial
  • Office Phone: (716) 856-7107
  • Listing Agent: Emily Cornwell

Interior Features

Interior Information:

  • Appliances: Dryer, Gas Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Tile, Varies, Vinyl
  • Interior: Bedroom on Main Level

Bedroom and Bathroom Information:

  • Total Bedroom Count: 24

Exterior Features

Exterior Information:

  • Exterior: Blacktop Driveway

Parking Information:

  • Parking: Three or more Spaces, Driveway

Lot Features

Lot Information:

  • Lot: Corner Lot, Flag Lot, Near Public Transit
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant

Other

Directions Information:

  • Directions: Vulcan St. to Tonawanda St. Building on the corner of Tonawanda St. and Huetter Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $87/SqFt
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Housing Market Comparison

See how this home compares to others in Buffalo, NY.

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Buffalo, NY

City

Med. Sold Price

$237.1K

Med. Price/SqFt

$161

Avg. Days On Market

19

# of Sold Homes

354

1160 Tonawanda St vs Buffalo

67 DAYS ON ROCKET

+48 Days

$750,000

+$512.8K More

$87/SqFt

-$75 Less

KEY TAKEAWAY

This property is $512.8K more than the Median Sold Price and $75/SqFt less than other homes in Buffalo, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #B1568524

Listing Office:

  • Office Name: Hanna Commercial
  • Office Phone: (716) 856-7107
  • Listing Agent: Emily Cornwell

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that 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 this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/3/2024, 12:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3488498
3
/10

  • PS 65 Roosevelt Early Childhood Center

  • 249 Skillen St

  • 0.68 miles

  • Public District Grades PK-4

school-card-donut-3488499
2
/10

  • Holmes Elementary School

  • 365 Dupont Ave

  • 1.32 miles

  • Public District Grades KG-4

school-card-donut-3488500
3
/10

  • Elmwood Village Charter School Hertel

  • 665 Hertel Ave

  • 1.61 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,694. Typical income of Buffalo, NY residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Erie County›Buffalo›14207›1160 Tonawanda St

This home is located at 1160 Tonawanda St in Tonawanda-Town, NY and zip code 14207. This 8,640 square foot home, which was built in 1900, sits on a 0.22 acre lot. Features: 24 bedrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $750,000.

Buffalo, NY housing market in November 2024 saw over 236 listings sold above listed price, more than 19 sold at listed price and over 99 sold below. The inventory of homes for sale in Buffalo, NY between October 2024 and November 2024 decreased by 21.1%. In November 2024 median list price was $237,145 and the average listing age was 19 days.

From Rocket Homes Real Estate and based on county public records data.

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