195 Locust Street
Lockport City, NY 14094
MLS #B1062660

Apartment Building
    P-Pending Sale $2,069,500
    Est. P&I payment: $7904.09/mo
    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: P-Pending Sale
    • 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


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    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 04/26/2018 at 8:01pm
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