38-40 Newell Avenue 4
Lancaster, NY 14086

Sold 12/20/2017
  • 4,284
    sq.ft.
Multi-Family Home

Add 38-40 Newell to Your Portfolio! 2 BUILDINGS - 4 Units, Two Adjoined Lots - Nearly a Quarter Acre in the Village of Lancaster. Both Structures Newly Painted (Spring 2017) on a Quiet Neighborhood Street.#38 was Once a Business and May Still Allow for Restricted Business Activities. #38 was built in 1955 and # 40 in 1910. Great Back Yard with No Rear Neighbors. Monthly Rents $2,900. Really Nice Tenants - Currently Professionally Managed. #38 has Two Units at 2/1; #40 has Two Units at 3/1. At approx. $34,000/Year in Rents, This Unique Property Pays for Itself in 5 Years! Listed Assessment and Taxes are for Both Buildings Combined. What a Great Opportunity!

Property Details
  • Lancaster
    school district
  • $7,262.00
    taxes
  • 1955
    built
  • 2
    stories
  • B1064380
    MLS#
Ceiling fan(s)
Electric heat
Baseboard heat
Natural gas heat
Carpet
Wall to wall carpeting
Laminate flooring
Full basement
Slab basement
Elementary school: Hillview Elementary
Middle school: Lancaster Middle
High school: Lancaster High
School district: Lancaster
Garage spaces: 1.0000
Brick exterior
Lot acreage is: 0.2200
Lot size: 130x74
Public water
Total square feet: 4284
Get more info or schedule a showing:
Name Type GreatSchools
Rating
Distance
Lancaster High School High School / Public 9 1.44 mi.
St. Marys Elementary School * Pre-School, Elementary School, Middle School / Private N/A 0.66 mi.
Sts. Peter and Paul School * Pre-School, Elementary School, Middle School / Private N/A 0.79 mi.
Court Street Elementary School * Elementary School / Public 7 0.72 mi.
Our Lady Of Pompeii School * Elementary School, Middle School / Private N/A 0.49 mi.
St Marys High School * High School / Private N/A 0.5 mi.
Address Distance Sale date Sale price
38-40 Newell Avenue 4 0 mi. 12/20/2017 $150,000
25 Pearl Street 0.05 mi. 10/13/2017 $118,557
81-83 Livingston Street 0.18 mi. 11/14/2016 $133,000
73-75 Livingston Street 0.18 mi. 2/9/2017 $132,000
249 Central Avenue 0.2 mi. 9/21/2017 $160,000
35 Carter Street 0.24 mi. 10/12/2017 $140,000
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38-40 Newell Avenue 4, Lancaster, NY 14086 multi-family home was sold for $150,000 by Lisa Marie Allen in the Hamburg real estate office.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker's MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2018 Western New York Real Estate Information Services (WNYREIS), LLC. 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.