261 Beattie Ave - Apartments FOR SALE


Lockport, NY 14094
$5,650,000 USD
716-570-7600
261 Beattie Ave, Lockport, NY for Sale
$5,650,000 USD
Apartments - FOR SALE
1/49
null | 7.48% Cap Rate

261 Beattie Ave
Lockport, NY 14094


OVERVIEW

Discover an exceptional investment opportunity at 261 Beattie Ave, where character and scale meet to create a truly remarkable asset. Inside, the apartments boast large windows, built-in cabinets, spacious closets, electric stoves, refrigerators, and dishwashers, providing residents with modern convenience and comfort. • Situated in a serene, tree-lined court setting, this multifamily property offers ample off-street parking and upgraded heating and central air cooling systems, ensuring tenant satisfaction and retention. With its prime condition and convenient location, this property presents a low-maintenance investment opportunity with a clear path to consistent revenue growth. Introducing Higher Grounds, a prime investment opportunity featuring 56 modern 2-bedroom units nestled in the vibrant heart of Lockport, NY. Perfectly situated near shopping, dining, and entertainment hotspots, this property caters to both business travelers and young urbanites seeking a dynamic living experience. Whether you're eyeing short-term gains or long-term stability, this multi-family gem offers the best of both worlds. • Boasting a rich history dating back to 1973, Higher Grounds has been meticulously revitalized to offer top-notch comfort and convenience. Recent renovations have elevated the property to new heights, with upgrades including sleek windows, sturdy doors, durable roofing, and efficient mechanical systems. Each building is outfitted with modern circuit breakers and premium copper plumbing, ensuring a hassle-free living experience for residents. Contact Chris Greco for financials and tours 716-570-7600 chris@grecorealestate.com

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

56

PRICE/UNIT

$100,893

CAP RATE

7.48%

% 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

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Chris GrecoGreco Real EstateMore Info
716-570-7600

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