For Sale

Listed by Michael Battaglia

Source: Western New York Real Estate Information Service #B1681995

11/55 Washington Street, Lockport, NY, 14094

$999,900

11
9580 sq. ft.
61000 sq. ft.

MultiFam

30+ days on the market

What's around 11/55 Washington Street

About this property

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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