This property is Off-Market
1-19 Tudor Lane
Lockport, NY 14094 ·
96 Units · Multifamily For Sale
Tudor Lane Apartments
|Price||N/A||Property Use Type||Investment|
|Building Size||79,200 SF||Cap Rate||6.62%|
|Property Sub-type||Garden/Low-Rise||Lot Size||6.87 AC|
|Listing ID: 18083291||Date Created: 03/20/2013||Last Updated: 03/22/2013|
Tudor Lane apartment complex was constructed in 1971 and is currently 96% occupied. The garden style apartment complex consists of 12 one and a half story similar brick buildings with 8 units in each building for a total of 96 units. The unit mix consists of 24 one-bedroom one-bath units each at 750sf+/-, 60 two-bedroom one-bath units each at 850sf+/-, and 12 two-bedroom with one and a half-bath units at 900sf+/-.
Tudor Lane Apartments are located on the north and south side of Tudor Lane, and on the west side of Davidson Road, approximately 3,000 feet south from the intersection of Davidson and East Avenue (SR 31). The neighborhood can be generally characterized as a suburban residential/recreational mix in the city of Lockport. Transit Road (SR 78) is the main north-south
thoroughfare within the market area and one of the primary commercial corridors on the Buffalo-Niagara region. It links the central business district of Lockport to the eastern suburbs of Buffalo where land use becomes more densely commercial in nature. Ridge Road (SR 104) is the main
east-west thoroughfare in the market area, linking Interstate 190 near Niagara Falls to the city of Rochester to the East.