Lockport, NY 14094,51-55 Washington Street
Lockport, NY 14094,51-55 Washington Street
Lockport, NY 14094,51-55 Washington Street
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$1,190,000
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9,578 SqFt
Active

51-55 Washington Street Lockport, NY 14094

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,578 sqft

Price per Sqft $124

MLS Listing ID B1645844

Construction Status Existing

HOA Y/N No

Year Built 1940

Annual Tax Amount $11,421

Lot Dimensions 145X262

Property Sub-Type Apartment

Property Description

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 historic 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.

Cleared land 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. Square Footage is all the buildings combined.

Location

State NY

County Niagara

Area Lockport-City-290900

Zoning R3

Rooms

Basement Partial

Interior

Heating Gas, Forced Air

Flooring Carpet, Linoleum, Other, See Remarks, Vinyl

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Total Parking Spaces 20

Building

Lot Description Irregular Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Other,Wood Siding

Construction Status Existing

Schools

High Schools Lockport High

School District Lockport

Others

Tax ID 290900-109-010-0001-013-001

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Special Listing Condition Standard

Listed by Chubb-Aubrey Leonard Real Estate 716-631-8300

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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