August 15, 2017
Our Team
August 21, 2017
195 Locust Street
Lockport, New York NY 14094
$2,069,500 Price
A-Active Status
Est. Monthly Payment: $8,887.62 See Details
49,777 Square Feet
2.760 Acres
B1062660 Listing ID
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#: B1054853. 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.
Schedule Showing Virtual Tour
Status A-Active
County Niagara
Year Built 1850
Property Type 5+ Unit Apartments
5+ Unit Apartments
Type Other - See Remarks
{"zipcode": "14094", "price": "2069500"}
Down Payment
Credit Score
Loan Amount
Loan Type

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Primary Features

County: Niagara
Property Type: 5+ Unit Apartments
Year Built: 1850

External 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 Spaces per Apartment: More Than 1 Space
Lot Dimensions Depth: 270
Lot Dimensions Frontage: 110
Lot Information: Neighborhood Street
Lot Shape: Rectangular
On Waterfront: no
Parking Spaces per Apartment: 3 Or More Spaces
Roof Description: Asphalt, Flat, Other - See Remarks
Sewer Description: Sewer Connected
Water Resources: Public Connected
Waterfront Description: Canal
Waterfront Name: Erie Canal

Interior Features

Additional Interior Features: Laundry-Common, Natural Woodwork - some, Other - See Remarks
Amenities Included: Coin Laundry, 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
Heating Fuel Description: Electric, Gas, Other - See Remarks
HVAC Type: Baseboard, Hot Water, Multi-Zone, Programmable Thermostat
Kitchen Equipment Appliances Included: Other - See Remarks, Oven/Range Freestanding- Some, Refrigerator
Number of 1 Bedroom Apartment: 20
Number of 2 Bedroom Apartment: 21
Number of 3 Bedroom Apartment: 4
Number of Heating Units: 51
Number of Stories: 3.0000
Number of Studio Apartments: 6
Total Number of Apartments: 51


Street Suffix: Street
Type: Other - See Remarks
Water Heater Fuel: Electric, Gas, Other - See Remarks
Year Built Description: Existing

Location Information

Elementary School: Other - See Remarks
High School: Other - See Remarks
Middle School: Other - See Remarks
Nearest Cross Street: Main
School District: Lockport
Subdivision/Community/Complex: City/Lockport
Village: Not Applicable

Financial Details

City Village Tax: 27449
First Bedroomm Average Month Rent: 524
Gross Annual Income: 378054
Income expense Information: Provided By Owner
Operating Expenses Include: Other - See Remarks
Rent Includes: Other - See Remarks
School Tax: 40252
Second Bedroom Average Month Rent: 667
Studio Average Monthly Rent: 381
Third Bedroom Average Month Rent: 782
Total Taxes: 84905
Town/County Tax: 17204
Type of Sale: Normal
Value Range Pricing: no

Zoning Info

Listing courtesy of Hunt Real Estate ERA

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Contact - Listing ID B1062660

Gurney, Becker & Bourne Real Estate

560 Delaware Avenue Suite 200
Buffalo, NY 14202
Phone: 716-849-1234
Fax: 716-849-0407

Data services provided by IDX Broker