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195 Locust Street
Lockport City, NY 14094
MLS #B1062660

Apartment Building
    A-Active $2,069,500
    Est. P&I payment: $7904.09/mo
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    Description for 195 Locust Street, Lockport City, NY 14094
    Vrp $1,599,500-2,069,500 includes 37-51 units w/no vacancies, cap rate of 9-13% Multiple sites: 317 Market historical site (First Bank of Lockport) beautiful apartments and views of the Erie Canal. 158 Chapel/attached to the rear of 317 Market and 154 Chapel/rehabbed two family that adjoins at the parking lot. 140 East Ave brick front bldg, many rehabbed apartments, newer townhouses, 1970. 195 Locust, brick/frame front bldg w/newer, 1980 1 bdrm loft apartments. 507 W Center, Medina, 14 units 1900's front bldg, carriage house, 2.5 car gar and 1978 townhouses, ML#: B1062663. This is the turn key opportunity with low vacancy history that you have been waiting for. Not included in the C of O are two possible units, call for details.
    MLS #B1062660
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    My Notes for MLS #B1062660

    General Features

    • Listing Type: Exclusive Right To Sell
    • Property Type: 5 + Unit Apartments
    • Status: A-Active
    • Total Num of Apartments: 51
    • Type of Sale: Normal
    • Year Built: 1850
    • Year Built Description: Existing
    • Num of 2 Bedroom Apartment: 21
    • Num of 3 Bedroom Apartment: 4
    • Num of Studio Apartments: 6

    Exterior Features

    • Additional Exterior Features: Cable TV Available,​Deck,​Other - See Remarks
    • Driveway Description: Blacktop,​Other - See Remarks
    • Exterior Construction: Aluminum/Steel,​Brick and Frame,​Other - See Remarks,​Vinyl
    • Garage Spacesper Apt: More Than 1 Space
    • Lot Dimensions Depth: 270
    • Lot Dimensions Frontage: 110
    • Lot Information: Neighborhood Street
    • Lot Shape: Rectangular
    • Num of Acres: 2.76
    • Parking Spacesper Apt: 3 Or More Spaces
    • Roof Description: Asphalt,​Flat,​Other - See Remarks
    • Waterfront Description: Canal
    • Waterfront Name: Erie Canal

    Interior Features

    • Additional Interior Features: Laundry-Common,​Natural Woodwork - some,​Other - See Remarks
    • Basement Description: Full,​Partial,​Slab
    • Floor Description: Ceramic-Some,​Hardwood-Some,​Laminate-Some,​Tile-Some,​Vinyl-Some,​Wall To Wall Carpet-Some
    • Kitchen Equip Appl Included: Other - See Remarks,​Oven/Range Freestanding- Some,​Refrigerator
    • Num of 1 Bedroom Apartment: 20
    • Num of Stories: 3
    • Sq Ft Total: 49,777

    Utility Features

    • Heating Fuel Description: Electric,​Gas,​Other - See Remarks
    • HVAC Type: Baseboard,​Hot Water,​Multi-Zone,​Programmable Thermostat
    • Num of Heating Units: 51
    • Sewer Description: Sewer Connected
    • Water Heater Fuel: Electric,​Gas,​Other - See Remarks
    • Water Resources: Public Connected

    Financial Features

    • City Village Tax: 27,449
    • First Bedrm Average Month Rent: 524
    • Gross Annual Income: 378,054
    • Incomeexpense Information: Provided By Owner
    • Operating Expenses Include: Other - See Remarks
    • Rent Includes: Other - See Remarks
    • School Tax: 40,252
    • Second Bedrm Average Month Rent: 667
    • Studio Average Monthly Rent: 381
    • Third Bedrm Average Month Rent: 782
    • Total Taxes: 84,905
    • Town County Tax: 17,204

    Community Features

    • Amenities Included: Coin Laundry,​Other - See Remarks
    • County Or Parish: Niagara
    • Nearest Cross Street: Main
    • Subdivision Comm Complex: City/Lockport
    • Village: Not Applicable

    School Features

    • Elementary School Name: Other - See Remarks
    • High School Name: Other - See Remarks
    • Middle School Name: Other - See Remarks
    • School District Name: Lockport

    Location

     
    Street View Not Available
    The listing information for 195 Locust Street, Lockport City, NY 14094 was graciously provided by our friends at the listing brokerage, Hunt Real Estate ERA

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    P&I Payment $7904.09
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    Last Updated 10/17/2017 at 8:45am
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