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55 Washington Street, Lockport City, NY 14094

$999,900
: 11
BD
: 9,580
SqFt

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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

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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