31 Elkhart Street, Lackawanna, NY 14218

Property Description

Investment Opportunity on a Rare Double Lot! Welcome to 31-33 Elkhart Street in Lackawanna, a well-maintained triplex situated on a rare double lot. Owned and meticulously cared for by the same owner for more than 20 years, this property offers immediate income potential along with the added convenience and flexibility that extra outdoor space provides. The triplex features an attractive unit mix consisting of one spacious 3-bedroom, 1-bath apartment, one 1-bedroom, 1-bath apartment, and one studio apartment, providing strong rental appeal across multiple tenant demographics. Residents also enjoy access to a common coin-operated laundry area, creating an additional income stream for ownership. Significant capital improvements have already been completed, including a newer electrical service line, updated electrical panels and panel boxes, extensive rewiring, and updated copper plumbing, helping provide peace of mind for the next owner. One of the standout features of this property is the expansive double lot, currently utilized as off-street tenant parking. The extra space provides a valuable amenity for tenants while enhancing the overall functionality and appeal of the property. This income-producing property offers investors a unique combination of rental income, tenant-friendly amenities, and long-term pride of ownership. Whether you’re looking to add to your existing portfolio or purchase your first investment property, 31-33 Elkhart Street presents an opportunity you won’t want to miss. Showings begin at the Open House on Thursday, June 18th from 5:00 PM to 7:00 PM.