55 Washington St - Apartments FOR SALE


Lockport, NY 14094
$1,190,000 USD
716-465-1282
55 Washington St, Lockport, NY for Sale
$1,190,000 USD
Apartments - FOR SALE
1/32
null | 6.7% Cap Rate

55 Washington St
Lockport, NY 14094


HIGHLIGHTS

  • Fully Updated
  • Land for Purposed Expansion ( 22 Units)
  • Fully Occupied

OVERVIEW

Discover an exceptional turnkey multifamily investment at Lockport Views Apartments, a well-established residential community offering immediate cash flow and substantial growth potential. Nestled in the desirable Lockport area, this property features three modern buildings comprising 12 spacious units, 11 fully updated with contemporary finishes, energy-efficient appliances, and thoughtful amenities designed for resident comfort and retention. The property has undergone comprehensive renovations from top to bottom, including refreshed interiors newer mechanics, windows, upgraded common areas, and enhanced landscaping, ensuring low maintenance costs and high tenant appeal. From efficient kitchens to durable flooring, every detail has been updated to meet today's market demands. Ample on-site space allows for the potential construction of an additional 22 units, transforming this already profitable asset into a larger-scale operation. This opportunity could nearly double the property's footprint and revenue stream—perfect for visionary investors looking to scale. Lockport Views Apartments combines the security of a proven performer with the excitement of future development, all in a location with easy access to local amenities, schools, and commuting routes. Whether you're a seasoned real estate professional or a first-time multifamily buyer, this property delivers immediate value and long-term upside.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

12

PRICE/UNIT

$99,167

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lockport Views LLC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,936 SF

ZONING

-

APN/PARCEL ID

290900-109-010-0001-013-001

ASK ABOUT THIS PROPERTY

Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

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Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

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