128 Colton Ave & 18-22 Maple Grove Ave Multi-Family FOR SALE


Lackawanna, NY
$1,398,000 USD
716-864-1929
, Lackawanna, NY for Sale
$1,398,000 USD
Multi-Family - FOR SALE
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128 Colton Ave & 18-22 Maple Grove Ave
Lackawanna, NY


OVERVIEW

Property being sold as a package deal 14 units all 2 bed 1 bath. Tenant occupied building will require 24 hr. notice (48 hr. preferred) for showings. 3 units available to be shown only; a full inspection of entire building can be done during due diligence. Colton Ave is 8 2BED/1BATH units and 18-22 Maple Grove is 6x 2BED/1BATH. (14 units in total) Commercial Financing or Cash only. Tenants all month to month at under market rents for excellent value-add opportunity. ROOF - per owner +/-10 years old approx. Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 14 unit combined in Lackawanna, NY! Gross income of $159,180 per year with plenty of upside to increase rents. Each unit is nearly identical with 2 large 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. Property Manager is open to staying on for new owner. Waiting list of tenants so vacancy remains low!

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Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

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Nick CortoHunt Commercial Real EstateMore Info
716-864-1929

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