Bring your hammer and your vision to 274 Washburn! This three-story, five-unit multifamily property features five one-bedroom apartments. The front apartment is currently tenant occupied, and the remaining four units are vacant. Full rehabilitation is needed, creating an opportunity to renovate, add value, and build rental income.
INVESTOR SPECIAL** Listing includes 2 buildings w/9 units total. 141 Pine St. (5 Vacant Units) and 19 John St (4 Vacant Units) TOTAL: 9 Units. *Both properties share the same tax ID. *Abstract and Survey will not be provided. A great opportunity to build equity and boost income potential! *
EXCEPTIONAL "VALUE ADD" MULTIFAMILY INVESTMENT WITH THE POTENTIAL FOR A DEVELOPMENT COMPONENT FOR THE AMBITIOUS INVESTOR. THE "LOCKPORT VIEWS" APARTMENTS OFFERS A STABIIZED 11 UNIT APARTMENT COMPLEX COMPRISED OF 3 BUILDINGS, A STORAGE SHED AND AMPLE ADDITIONAL ACRERAGE, FOR FUTUTE DEVELOPMENT OF UP TO 22 RESIDNTIAL UNITS. TENANTS PAY FOR HEAT AND ELECTRIC, PLENTY OF OFF-STREET PARKING, CLOSE TO THE CITY OF LOCKPORT AND PUBLIC TRANSPORTATION. OWNERSHIP HAS COMPLETED SUBSTANTIAL CAP EX. AND THERE IS OPPORTUNITY FOR A 12TH APARTMENT UNIT UTILIZING EXISTING SPACE ON THE GROUND LEVEL OF ONE OF THE BUILDINGS. PLEASE SEE SUPPLIMENTS FOR INCOME AND EXPENSES AND HIGHLIGHTS.
Ready for an investment opportunity? Eight units gleaming with potential, ready for a new owner. 185 Pine features six units, while 57 and 59 John St consist of a five-car garage with two units above. All properties back up to one another, creating an instant portfolio for the aspiring investor or seasoned conglomerate alike. Storage space is abundant with the five-car garage. Imagine secure space for all of your building materials. Increased profitability by renting out all the spaces? Perhaps. The options are nearly limitless. With some vacant units, the option to reside on premises is instantly accessible if desired. All separate utilities are sure to maximize profitability and provide peace of mind that each unit will be covering its costs. Many mechanical and cosmetic updates have been completed, bringing this building into the modern era. Off-street parking and coin-operated laundry add further tenant convenience. 185 Pine is a compelling offering where versatility meets long-term potential, positioned for both immediate income and future growth.

Lockport is located in New York. Lockport, New York has a population of 20,876. Lockport is more family-centric than the surrounding county with 26.26% of the households containing married families with children. The county average for households married with children is 25.83%.
The median household income in Lockport, New York is $51,819. The median household income for the surrounding county is $60,834 compared to the national median of $69,021. The median age of people living in Lockport is 37.6 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 38.4 inches per year, with 71.5 inches of snow per year.