807 Highland Avenue, Tonawanda, NY 14223

Property Description

Well-maintained two-unit property offering strong fundamentals for both owner-occupants and long-term investors. Each unit features 3 bedrooms and 1 full bathroom. Major capital improvements were completed in 2025, including new furnaces, new hot water tanks, new electric panels, and full building insulation. These updates significantly reduce deferred maintenance and improve long-term operating efficiency. The east unit was fully remodeled in 2024 with a new kitchen, updated bathroom vanity and tub surround, refinished floors, and new kitchen flooring. This unit will be delivered vacant, providing immediate occupancy or market-rate rental opportunity. The west unit includes new kitchen flooring and new bathroom flooring. In 2023, all galvanized plumbing was replaced with new water lines. This unit is currently occupied by a month-to-month tenant paying $1,100 per month, offering immediate cash flow with flexibility. All utilities are separately metered. Water expense is passed through to tenants, minimizing owner operating costs. Located directly behind Ben Franklin Middle School, the property benefits from access to a large park and municipal pool, contributing to a stable, family-oriented neighborhood setting. Ideal for: • Owner-occupied buyer looking to offset their mortgage with rental income • Traditional investor seeking a stabilized asset with major mechanical updates already completed Building underwent NYSERDA upgrades recently and there will be a short period of time following closing where rent increase will not be allowed to the occupied unit. Seller is offering a $3,000 credit at the time of sale to offset the potential loss in increase rent. Delayed showing until 3/11. Offers due by 3/15 at 4​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ pm.