Log In/Sign Up
Your email has been sent.
128 Colton Ave & 18-22 Maple Grove Ave 2 Multifamily Properties Offered at $1,398,000 in Lackawanna, NY
EXECUTIVE SUMMARY
Property being sold as a package deal 14 units all 2 bed 1 bath. Tenant occupied building will require 24 hr. notice (48 hr. preferred) for showings. 3 units available to be shown only; a full inspection of entire building can be done during due diligence. Colton Ave is 8 2BED/1BATH units and 18-22 Maple Grove is 6x 2BED/1BATH. (14 units in total) Commercial Financing or Cash only. Tenants all month to month at under market rents for excellent value-add opportunity. ROOF - per owner +/-10 years old approx.
Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 14 unit combined in Lackawanna, NY! Gross income of $159,180 per year with plenty of upside to increase rents. Each unit is nearly identical with 2 large bedrooms, 1 full bath with ceramic, a kitchenette, large living space and hardwood floors throughout. Tenants pay separate electric; Gas/Water included in rent. Solid poured foundation with full basement and large parking lot in rear for tenant convenience. Good working mechanicals (2 boilers 2021), circuit breakers separately metered. Coin Laundry in basement and each tenant has their own storage unit for added convenience. Property Manager is open to staying on for new owner. Waiting list of tenants so vacancy remains low!
Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 14 unit combined in Lackawanna, NY! Gross income of $159,180 per year with plenty of upside to increase rents. Each unit is nearly identical with 2 large bedrooms, 1 full bath with ceramic, a kitchenette, large living space and hardwood floors throughout. Tenants pay separate electric; Gas/Water included in rent. Solid poured foundation with full basement and large parking lot in rear for tenant convenience. Good working mechanicals (2 boilers 2021), circuit breakers separately metered. Coin Laundry in basement and each tenant has their own storage unit for added convenience. Property Manager is open to staying on for new owner. Waiting list of tenants so vacancy remains low!
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Taxes |
$23,551
|
| Operating Expenses |
-
|
| Total Expenses |
$23,551
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $23,551 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $23,551 |
PROPERTY FACTS
| Price | $1,398,000 | Number of Properties | 2 |
| Price / SF | $77.14 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 18,122 SF |
| Status | Active | Total Land Area | 0.77 AC |
| Price | $1,398,000 |
| Price / SF | $77.14 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,122 SF |
| Total Land Area | 0.77 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 128 Colton Ave, Lackawanna, NY 14218 | Multifamily | 10,503 SF | 1960 | - |
| 22 Maple Grove Ave, Lackawanna, NY 14218 | Multifamily | 7,619 SF | 1970 | - |
1 1
1 of 59
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
128 Colton Ave & 18-22 Maple Grove Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.