55 Washington Street, Lockport City, NY 14094
- $999,900
- 11
- BD
- 9,580
- SqFt
- List Price
- $999,900
- Status
- ACTIVE
- MLS#
- B1681995
- Price Change
- ▼ $175,100 1781969450
- Year Built
- 1940
- Stories
- 2
- Bedrooms
- 11
- Acres
- 1.50
- Living Area
- 9,580
- Region
- Lockport
Property Description
EXCEPTIONAL "VALUE ADD" MULTIFAMILY INVESTMENT WITH THE POTENTIAL FOR A DEVELOPMENT COMPONENT FOR THE AMBITIOUS INVESTOR. THE "LOCKPORT VIEWS" APARTMENTS OFFERS A STABIIZED 11 UNIT APARTMENT COMPLEX COMPRISED OF 3 BUILDINGS, A STORAGE SHED AND AMPLE ADDITIONAL ACRERAGE, FOR FUTUTE DEVELOPMENT OF UP TO 22 RESIDNTIAL UNITS. TENANTS PAY FOR HEAT AND ELECTRIC, PLENTY OF OFF-STREET PARKING, CLOSE TO THE CITY OF LOCKPORT AND PUBLIC TRANSPORTATION. OWNERSHIP HAS COMPLETED SUBSTANTIAL CAP EX. AND THERE IS OPPORTUNITY FOR A 12TH APARTMENT UNIT UTILIZING EXISTING SPACE ON THE GROUND LEVEL OF ONE OF THE BUILDINGS. PLEASE SEE SUPPLIMENTS FOR INCOME AND EXPENSES AND HIGHLIGHTS.
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Additional Information
- Taxes
- $11,381
- Exterior Features
- Blacktop Driveway, Deck
- School District
- Lockport
- Water
- Connected, Public
- Sewer
- Connected
Mortgage Calculator
Listing courtesy of Network One Realty. Contact: 716-874-3530