261 Beattie Ave - Apartments FOR SALE


Lockport, NY 14094
$6,150,000 USD
716-570-7600
261 Beattie Ave, Lockport, NY for Sale
$6,150,000 USD
Apartments - FOR SALE
1/19
null | 6.94% Cap Rate

261 Beattie Ave
Lockport, NY 14094


OVERVIEW

Greco Real Estate.com is pleased to present the exclusive opportunity to acquire Higher Grounds, a multi-family property comprised of 7-8 unit buildings, totaling 56, 2brm units tenants pay electric Landlord pays gas & water Ideally located in the heart of the City of Lockport, NY. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for, business trips and urban young professionals making it a unique opportunity for short-and long-term rentals alike. Originally constructed in 1973, the property has undergone substantial renovations in recent years, including upgrades such as new windows, doors, roofing, siding, and mechanical systems. All buildings are equipped with circuit breakers and feature predominantly copper plumbing throughout. For all financial information please fill out NDA and return signed to chris@grecorealestate.com

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

56

PRICE/UNIT

$109,821

CAP RATE

6.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Higher Grounds Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

120

LAND DETAILS

LAND ACRES

3.82 AC

LAND SF

166,399 SF

ZONING

R3

APN/PARCEL ID

290900-123-006-0002-032-000

ASK ABOUT THIS PROPERTY

Chris GrecoGreco Real EstateMore Info
716-570-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris GrecoGreco Real EstateMore Info
716-570-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.