Multifamily Income
For Sale
Contact for pricing
195 Locust St, Lockport, NY 14094
Portfolio of four nearby multifamily buildings totaling 37 units with ample paved tenant parking.
Property SizeContact for details
Days on Market128
Property Features for 195 Locust St
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Cap Rate
7.68%
Business Included
Yes
Additional Details
Multifamily Units
37
Building Details
Tenancy
Multi
Listing Agency:
HUNT Commercial
(716) 946-5438
Listed By:
Leah Curione · License #NY 10401257858
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Commercial
Investment Insights
Based on property information with market context.
This multifamily investment portfolio includes four multi-family buildings with a total of 37 units. The property is temporarily off the market for renovations, with showings planned to resume in May 2023. The portfolio is described as having very low vacancies, and multiple apartments have been remodeled with upgrades including new roofs, mechanical and plumbing improvements, new coin-operated washing and dryer machines, and updated locks with master key access.
Each building offers ample paved parking for tenants, and the buildings are located in close proximity to one another in Lockport, NY.
Additional income may be available through a third-floor apartment described as requiring an addition of a fire escape and/or a second means of egress. A property management company is currently in place.
Each building offers ample paved parking for tenants, and the buildings are located in close proximity to one another in Lockport, NY.
Additional income may be available through a third-floor apartment described as requiring an addition of a fire escape and/or a second means of egress. A property management company is currently in place.
Key Highlights
- Portfolio of four nearby multifamily buildings totaling 37 units in Lockport, NY
- Reported 7.68% cap rate with very low vacancies across the portfolio
- Ample paved parking at all buildings for tenants
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of four nearby multifamily buildings totaling 37 units with ample paved tenant parking.
Where is this apartment building located?
The property is located at 195 Locust St Lockport, NY.
What are key features of this property?
This property features: Portfolio of four nearby multifamily buildings totaling 37 units in Lockport, NY; Reported 7.68% cap rate with very low vacancies across the portfolio; Ample paved parking at all buildings for tenants
