$10,000
closing credit¹
2494 Sheridan Dr Tonawanda-Town, NY 14150
Property details
About 2494 Sheridan Dr
This well-maintained, 2.5-story brick apartment building offers a fantastic investment opportunity with strong potential for value-add improvements. Located on Sheridan Drive, a major commercial corridor connecting the suburbs of Tonawanda and Amherst, the property features a desirable mix of 11 two-bedroom and 4 one-bedroom apartments, each with spacious layouts and eat-in kitchens. Key Property Highlights: One and two-bedroom apartments with room for upgrades and increased rental income. Building Improvements: Recent updates include newer roofs and windows. Prime Location: Positioned along a high-traffic commercial route with easy access to shopping, dining, and major highways. Strong Upside Potential: Significant opportunity for upgrades to interiors, including kitchen and bathroom enhancements, that can lead to higher rents and increased property value. Low Maintenance: Solid 1966 construction with low-rise apartment style (3 stories total), making for minimal upkeep. No. Units: 15 total (11 two-bedroom, 4 one-bedroom) Unit Features: Air Conditioning Balconies in select units Dishwashers Refrigerators and Ovens Heating and Carpeted Floors Spacious Family Rooms and Freezer Options Bathtub/Shower Combos Site Amenities: 24-Hour Access Controlled Access for added security Don’t miss out on this opportunity to acquire a well-located multifamily asset with substantial upside potential.
Highlights
Summary
- MLS Number: B1581351
- MLS Name: NYS
- Office Name: Keller Williams Realty WNY
- Office Phone: (716) 548-6797
- Listing Agent: Amanda L Dopp
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Last updated on: 2/10/2025, 5:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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![view of building exterior](/homes/listing-images/52480820_S0177/S0177/S0177-R0100/1100853714/2003718172664.jpg?version=1735594882&width=640)
$2,100,000
2494 Sheridan Dr
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
3
Thomas A Edison Elementary School
Public District KG-4
0.4 mi
•236 Grayton Rd
4
Franklin Elementary School
Public District KG-4
0.7 mi
•500 Parkhurst Blvd
4
Hoover Elementary School
Public District KG-4
1.2 mi
•199 Thorncliff Rd
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 $52,063. Typical income of Tonawanda-Town, NY residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
Frequently asked questions
About 2494 Sheridan Dr
This home is located at 2494 Sheridan Dr in Tonawanda-Town, NY and zip code 14150. This 12,984 square foot home, which was built in 1966, sits on a 0.42 acre lot. Features: 15 bedrooms, 0 bathroom. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $2,100,000.
While more than 26 listings in Tonawanda-Town, NY in January 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below. Between December and January 2025, Tonawanda-Town, NY real estate market has seen decrease in the number of listings by 37.7%. In January 2025 median list price was $235,367 and the average listing age was 19 days.