$650,000

About this home

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. The 6 room motel has 4 month to month 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: 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). Restaurant is also listed as a rental ML B1612323

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Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Quick facts

Home features

Lot features

Rectangular, RectangularLot

Neighborhood — 14304

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Map & walkability