6355 Robinson Rd Lockport, NY 14094

Property Details for 6355 Robinson Rd

Year built

1986

Lot size

0.62 lot acres

Property size

8,032 SF

Property type

Commercial real estate

Description

This exceptional 8-unit multifamily property located at 6355 Robinson Rd, Lockport, NY, presents a compelling investment opportunity. Boasting a substantial 8,032 square feet on a 0.62-acre lot, this vinyl-sided building is in excellent condition. Each of the eight units features two generously sized bedrooms and one large bathroom, offering comfortable living spaces for tenants. Four units are situated on each floor, all with identical layouts, except for one unit which boasts a cathedral ceiling. Currently, seven of the eight units are occupied by reliable tenants, generating immediate cash flow. One unit is vacant, providing convenience for showings or the possibility of owner occupancy. A significant advantage lies in the below-market rents of most units, promising immediate and substantial increases in cash flow for the new owner. Tenants are responsible for all utilities except water and garbage disposal. Electric baseboard heating is utilized throughout the building, with tenants covering these costs. Showings are available by appointment only on Wednesdays and Saturdays at 2:00 PM. The property is listed for $750,000. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property with significant upside potential.