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3 Rudolph St 10 Unit Apartment Building $800,000 ($80,000/Unit) 7.36% Cap Rate Lackawanna, NY 14218
Investment Highlights
- all brick building, great rental location, off stret parking with 2 car garage
- see attachments for income and expesnes
- true value add opportunity, rents way below market for area
Executive Summary
excellent 10-unit apartment offering. 3 & 7 RUDOL[H ST
two twin 5-unit brick buildings adjacent to each other.
Appliances, storage and laundry hookups
off street parking
heat and water included. New separate electrical services
Rents currently way below market
two twin 5-unit brick buildings adjacent to each other.
Appliances, storage and laundry hookups
off street parking
heat and water included. New separate electrical services
Rents currently way below market
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $80,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.36% | Building Size | 9,360 SF |
| Gross Rent Multiplier | 8.6 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2000 |
| Property Subtype | Apartment |
| Price | $800,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| Gross Rent Multiplier | 8.6 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,360 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1947/2000 |
Amenities
Unit Amenities
- Storage Space
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $805.00 | 625 |
| 2+1 | 6 | $947.50 | 725 - 835 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $300,000 | |
| Land Assessment | $33,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $266,800 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$33,200
Improvements Assessment
$266,800
Total Assessment
$300,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
3 Rudolph St