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140 East Ave
Lockport, NY 14094
Multifamily Property For Sale
·
37 Units
PROPERTY FACTS
| No. Units | 37 | Lot Size | 0.83 AC |
| Property Type | Multifamily | Building Size | 13,361 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1850 |
| Building Class | C | Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - Mixed Commercial Use; Converted Residence; Stores & Residential | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 13,361 SF |
| No. Stories | 3 |
| Year Built | 1850 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R3 - Mixed Commercial Use; Converted Residence; Stores & Residential |
ABOUT 140 EAST AVE , LOCKPORT, NY 14094
37 units no vacancies, average 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% avg. cap rate)ML# bB1138899 51 units B1138944 .Not included in CO is possible 38th unit, call for details.
PROPERTY TAXES
| Parcel Number | 290900-109-056-0001-010-000 | Improvements Assessment | $553,000 |
| Land Assessment | $77,000 | Total Assessment | $630,000 |
PROPERTY TAXES
