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Karin Morabito

karin@karinmorabitohomes.com +1(585) 290-6410

$ 950,000

Est. payment | -/mo

12 Beds

6 Baths

6,204 SqFt

Save

$ 950,000

Est. payment | -/mo

Save

12 Beds

6 Baths

6,204 SqFt

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,204 sqft

Price per Sqft $153

MLS Listing ID B1698704

Style Other,See Remarks

Bedrooms 12

Full Baths 6

Construction Status Existing

HOA Y/N No

Year Built 1979

Annual Tax Amount $9,950

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 84X261

Property Sub-Type Multi Family

Property Description

Fully renovated, fully occupied, turnkey 6-unit brick multifamily with a comprehensive top-to-bottom 2023 renovation, meaning the heavy lifting is finished and buyers face little to no immediate capex. This stabilized asset offers long-term performance with minimal maintenance, positioned in the Buffalo-Niagara market where quality inventory at this scale is scarce. Every apartment is leased to a long-term tenant with a strong on-time payment record. JUST COMPLETED IN 2026: brand new exterior landscaping, fully finished, plus new carpeting in the rear hallway. 6 units, 6,204 sq ft, 12 bedrooms, 6 baths. Base rent of $6,875/month ($82,500/year) plus coin laundry income. Solid brick construction. Fully electric building with 7 separate electric meters (one per apartment plus one landlord/common area meter) and a 12-space private parking lot. PROFESSIONAL MANAGEMENT AVAILABLE: For buyers seeking a completely hands-off position, the current owner offers full professional property management after closing, so the building can be owned from anywhere. This includes rent collection and accounting, tenant relations, maintenance and repairs, leasing and renewals, move-ins and move-outs, and full day-to-day management. For an owner-occupant, live in one unit while the remaining five carry the property. 2023 RENOVATION: New roof (full plywood and architectural shingles). All new windows. Brand-new kitchens with new cabinets, quartz countertops, and stainless steel appliances. New flooring. Full bath renovations: tile, vanities, toilets, mirrors, lighting, cabinetry. New interior and exterior doors, closet doors, locks, and hardware. New balcony doors and balcony flooring. New electric radiators throughout. New A/C units in every apartment. New commercial coin-operated laundry equipment. New sound insulation between units for improved privacy. New lighting throughout the building and exterior. New hallway carpeting. ADDITIONAL FEATURES: Security camera system. Secure tenant mailboxes. Professionally maintained. Fully occupied. SHOWINGS NOW UNDERWAY. By APPOINTMENT ONLY. No trespassing. Proof of funds required.

Location

State NY

County Niagara

Area Lockport-Town-292600

Direction S Transit to Robinson

Rooms

Basement Partial, Partially Finished

Interior

Interior Features Other, See Remarks

Heating Electric, Baseboard

Flooring Other, See Remarks

Fireplace No

Appliance Electric Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Architectural Style Other, See Remarks

Structure Type Brick

Construction Status Existing

Schools

School District Lockport

Others

Senior Community No

Tax ID 292600-138-000-0001-044-000

Acceptable Financing Cash, Other, See Remarks

Listing Terms Cash, Other, See Remarks

Special Listing Condition Standard

Listed by WNYbyOwner.com 716-523-8508

NEARBY SCHOOL & BUSINESS

+1(585) 290-6410

karin@karinmorabitohomes.com

333 Metro Park, Rochester, NY 14623, USA

6293 Robinson RD Lockport, NY 14094