140 East Avenue
Lockport City, NY 14094
MLS #B1062659

Apartment Building
    P-Pending Sale $1,599,500
    Est. P&I payment: $6109.01/mo
    Description for 140 East Avenue, Lockport City, NY 14094
    37 units no vacancies, cap rate of 9%. Multiple sites: 317 Market (all brick) historical site (First Bank of Lockport) beautiful apartments and views of the Erie Canal. 158 Chapel is attached to the rear of 317 Market and 154 Chapel is a rehabbed two family that adjoins the parking lot. 140 East Ave all brick front building, many rehabbed apartments and newer townhouses (1970). 195 Locust, brick, frame front bldg with newer (1980) one (1) bedroom loft apartments. This is the turn key opportunity with low vacancy history that you have been waiting for. Property can be purchased as part of package to include 14 units 507 W. Center in Medina (13% cap rate)ML# b1062663 51 units B1062660.Not included in CO is possible 38th unit, call for details.
    MLS #B1062659
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    My Notes for MLS #B1062659

    General Features

    • Listing Type: Exclusive Right To Sell
    • Property Type: 5 + Unit Apartments
    • Status: P-Pending Sale
    • Total Num of Apartments: 37
    • Type of Sale: Normal
    • Year Built: 1850
    • Year Built Description: Existing
    • Num of 2 Bedroom Apartment: 14
    • Num of 3 Bedroom Apartment: 2
    • Num of Studio Apartments: 4

    Exterior Features

    • Driveway Description: Blacktop,​Other - See Remarks
    • Exterior Construction: Brick,​Brick and Frame,​Other - See Remarks,​Vinyl
    • Garage Spacesper Apt: No Garage Spaces
    • Lot Information: Neighborhood Street
    • Lot Shape: Rectangular
    • Num of Acres: 1.84
    • Parking Spacesper Apt: 3 Or More Spaces
    • Roof Description: Other - See Remarks
    • Waterfront Description: Canal
    • Waterfront Name: Erie Canal

    Interior Features

    • Basement Description: Exterior Walkout,​Full,​Slab
    • Floor Description: Ceramic-Some,​Hardwood-Some,​Laminate-Some,​Other - See Remarks,​Vinyl-Some,​Wall To Wall Carpet-Some
    • Kitchen Equip Appl Included: Oven/Range Freestanding- Some,​Refrigerator
    • Num of 1 Bedroom Apartment: 17
    • Num of Stories: 2
    • Sq Ft Total: 35,583

    Utility Features

    • Heating Fuel Description: Electric,​Gas
    • HVAC Type: Baseboard,​Forced Air,​Hot Water,​Other - See Remarks,​Programmable Thermostat
    • Num of Heating Units: 37
    • Sewer Description: Sewer Connected
    • Water Heater Fuel: Electric,​Gas,​Other - See Remarks
    • Water Resources: Public Connected

    Financial Features

    • City Village Tax: 21,586
    • First Bedrm Average Month Rent: 536
    • Gross Annual Income: 262,108
    • Incomeexpense Information: Provided By Owner
    • Operating Expenses Include: Other - See Remarks
    • Rent Includes: Other - See Remarks
    • School Tax: 32,275
    • Second Bedrm Average Month Rent: 633
    • Studio Average Monthly Rent: 367
    • Third Bedrm Average Month Rent: 770
    • Total Taxes: 66,236
    • Town County Tax: 12,375

    Community Features

    • Amenities Included: Coin Laundry,​Other - See Remarks
    • County Or Parish: Niagara
    • Nearest Cross Street: Main
    • Subdivision Comm Complex: Holland Purchase
    • Village: Not Applicable

    School Features

    • Elementary School Name: Other - See Remarks
    • High School Name: Lockport High
    • Middle School Name: Other - See Remarks
    • School District Name: Lockport


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    The listing information for 140 East Avenue, Lockport City, NY 14094 was graciously provided by our friends at the listing brokerage, Hunt Real Estate ERA

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    P&I Payment $6109.01
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    Last Updated 04/21/2018 at 8:37pm
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