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Maplewood West 6285 Robinson Rd 87 Unit Apartment Building $6,150,000 ($70,690/Unit) 9.46% Cap Rate Lockport, NY 14094
EXECUTIVE SUMMARY
Prime Investment Opportunity: With 87 units spread across 4 buildings, this property presents a well-balanced portfolio that promises economies of scale and operational efficiency. The potential for a high return on investment is undeniable, making it a lucrative opportunity for savvy investors looking to maximize their profits. 70-1 Bedroom units and 17-2 bedroom units. 2 of the 87 units are not included in price due to them needing renovation. Thriving Suburban Gem: Nestled in the heart of the vibrant Town of Lockport within the Buffalo MSA, this property offers an attractive suburban location that boasts affordable living, a stable workforce, and consistent rental demand. With strong occupancy rates and steady rent growth, this investment opportunity is poised to deliver long-term financial success while benefiting from the area's ongoing economic development. Strong cash on cash return
Contact Chris Greco for financial analysis and property tours 716-570-7600 chris@grecorealestate.com
Contact Chris Greco for financial analysis and property tours 716-570-7600 chris@grecorealestate.com
PROPERTY FACTS
| Price | $6,150,000 | Apartment Style | Garden |
| Price Per Unit | $70,690 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.02 AC |
| Cap Rate | 9.46% | Building Size | 51,024 SF |
| No. Units | 87 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2023 |
| Price | $6,150,000 |
| Price Per Unit | $70,690 |
| Sale Type | Investment |
| Cap Rate | 9.46% |
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 51,024 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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 | 70 | - | - |
| 2+1 | 17 | - | - |
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PROPERTY TAXES
| Parcel Number | 292600-138-000-0001-041-000 | Improvements Assessment | $410,000 |
| Land Assessment | $140,000 | Total Assessment | $550,000 |
PROPERTY TAXES
Parcel Number
292600-138-000-0001-041-000
Land Assessment
$140,000
Improvements Assessment
$410,000
Total Assessment
$550,000
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Maplewood West | 6285 Robinson Rd
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