1160 Tonawanda St Tonawanda-Town, NY 14207
Property details
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.
Highlights
Summary
- MLS Number: B1568524
- MLS Name: NYS
- Office Name: Hanna Commercial
- Office Phone: (716) 856-7107
- Listing Agent: Emily Cornwell
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Last updated on: 3/13/2025, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$750,000
1160 Tonawanda St
$8,906
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
PS 65 Roosevelt Early Childhood Center
Public District PK-4
0.7 mi
•249 Skillen St
3
Holmes Elementary School
Public District KG-4
1.3 mi
•365 Dupont Ave
4
Elmwood Village Charter School Hertel
Public Charter KG-5
1.6 mi
•665 Hertel Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,694. Residents of Tonawanda-Town, NY typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
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, 0 bathroom. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $750,000.
While more than 100 listings in Tonawanda-Town, NY in February 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 100 were sold below. In February 2025 in Tonawanda-Town, NY there were 20.7% less homes for sale than in January. Listings spent 32 days on the market in February 2025, and had a median list price of $240,000 during the same period.