140 East Avenue
Lockport-City, NY 14094

Est. Mortgage: $7,651/mo
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  • 35,583
Multi-Family Home

37 units no vacancies, cap rate of 9%. Multiple sites: 317 Market (all brick) historical site (First Bank of Lockport) beautiful apartments and views of the Erie Canal. 158 Chapel is attached to the rear of 317 Market and 154 Chapel is a rehabbed two family that adjoins the parking lot. 140 East Ave all brick front building, many rehabbed apartments and newer townhouses (1970). 195 Locust, brick, frame front bldg with newer (1980) one (1) bedroom loft apartments. This is the turn key opportunity with low vacancy history that you have been waiting for. Property can be purchased as part of package to include 14 units 507 W. Center in Medina (13% cap rate)ML# b1062663 51 units B1062660.Not included in CO is possible 38th unit, call for details.

Property Details
  • Lockport
    school district
  • $66,236.00
  • 1850
  • 2
  • B1062659
Electric heat
Baseboard heat
Forced air heat
Hot water heat
Natural gas heat
Ceramic tile flooring
Hardwood floors
Wall to wall carpeting
Vinyl flooring
Laminate flooring
Full basement
Slab basement
Walkout basement
Elementary school: Other - See Remarks
Middle school: Other - See Remarks
High school: Lockport High
School district: Lockport
Vinyl siding
Brick exterior
Frame exterior
Lot acreage is: 1.8400
Lot on or near canal
Subdivision: Holland Purchase
Public water
Total square feet: 35583
Courtesy of:
Hunt Real Estate ERA

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Name Type GreatSchools
Lockport High School High School / Public 6 1.3 mi.
Christian Academy of Western NE * Pre-School, Elementary School, Middle School, High School / Private N/A 0.33 mi.
Anna Merritt Elementary School * Elementary School / Public 5 1.11 mi.
Emmet Belknap Intermediate School * Elementary School / Public 4 0.66 mi.
Roy Kelley Elementary School * Elementary School / Public 3 0.6 mi.
North Park Junior High School * Middle School / Public 4 1.18 mi.
Address Distance Sale date Sale price
5990 HIDDEN POND LN 2.57 mi. 6/2/2016 $240,000
5731 FISK RD 4.57 mi. 9/6/2016 $318,000
4800 CARTER DR 5.1 mi. 4/13/2016 $7,000
6903 HIDDEN OAK DR 5.85 mi. 6/13/2016 $58,000
4982 CLOVERLEAF LN 6.34 mi. 6/17/2016 $312,375
4978 CLOVERLEAF LN 6.36 mi. 7/11/2016 $294,230
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The approximate monthly principal & interest payment for this property would be $7,650.53.

This payment is based on a 30-year loan at a fixed rate of 4.375 % - APR 4.446 % with a down payment of $79,975. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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140 East Avenue, Lockport-City, NY 14094 multi-family home offered for sale at $1,599,500.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Howard Hanna Real Estate Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2018 CNYIS, UNYREIS, WNYREIS. All rights reserved.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.