128 Colton Ave - Apartments FOR SALE


Lackawanna, NY 14218
$799,000 USD
128 Colton Ave, Lackawanna, NY for Sale
$799,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

128 Colton Ave
Lackawanna, NY 14218


OVERVIEW

Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 8 unit in Lackawanna, NY! This all-brick building is being sold either separately or combined with a 6 unit building across the street (18-22 Maple Grove). Each unit is nearly identical with 2 good sized 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.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

MR

APN/PARCEL ID

140900 142.46-10-1.1

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