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51-55 Washington St

lockport, NY 14094

US$1,190,000

    Interested? Let's Connect

    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.

    Details

    9,578 Sq Ft

    0.87 Private Acres Lot Size

    commercial

    US$11,421 Annual Tax

    Built in 1940

    MLS/Listing ID B1645844

    2 Stories

    12 Units

    Amenities & Features

    Construction - Wood Siding

    Construction - Frame

    Vinyl

    Linoleum

    Carpet

    Heating - Gas

    Heating - Forced Air

    Lot - Irregular Lot

    Parking - Driveway

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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