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    18-22 Maple Grove Ave Lackawanna, NY 14218

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    For Sale
    $599,000

    Fully rented, low maintenance, cash flowing 6-unit building.

    Lot size:
    0.25 Acres

    Property Features for 18-22 Maple Grove Ave

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1970

    Source: HUNT Real Estate Corporation Agent Nicholas Corto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Rented 6-Unit Building

    This is a rare opportunity for investors to own a fully rented, low-maintenance, cash-flowing six-unit building in Lackawanna, New York. Constructed of brick, the building may be purchased separately or in combination with an eight-unit building across the street. Each of the six units features two bedrooms, one full bathroom, a large eat-in kitchen, a large living space, and hardwood floors. Tenants are responsible for their individual electric bills, while gas and water are included in the rent. The building has a solid poured foundation with a full basement and a large parking lot in the rear for tenant convenience. The mechanicals are in good working order and include two boilers installed in 2021. The roof is approximately 10 years old. The building has circuit breakers that are separately metered. A coin laundry is located in the basement, and each tenant has their own storage unit.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lackawanna
    County
    Erie
    State
    New York
    Longitude
    -78.8271324
    Latitude
    42.822622

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    FAQs

    What type of property is this?
    Apartment building - Fully rented, low maintenance, cash flowing 6-unit building.
    Where is this apartment building located?
    The property is located at 18-22 Maple Grove Ave Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Fully rented, cash-flowing 6-unit building.; - Low maintenance, all-brick construction.; - Tenants pay separate electric, reducing landlord expenses.
    (716) 864-1929
    Request Owner's contact information
    18-22 Maple Grove Ave Lackawanna, NY 14218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18-22 Maple Grove Ave Lackawanna, NY 14218
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