$1,398,000

18-22,128 Maple Grove & Colton Ave Avenue, Lackawanna, NY 14218

  • 28 beds |
  • 14 baths |
  • 16,823 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.7acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Attention Investors! RARE OPPORTUNITY to own a fully rented, low maintenance, cash flowing 14 unit combined in Lackawanna, NY! Gross income of $159,180 per year with plenty of upside to increase rents. Each unit is nearly identical with 2 large bedrooms, 1 full bath with ceramic, a kitchenette, large living space and hardwood floors throughout. Tenants pay separate electric; Gas/Water included in rent. Solid poured foundation with full basement and large parking lot in rear for tenant convenience. Good working mechanicals (2 boilers 2021), circuit breakers separately metered. Coin Laundry in basement and each tenant has their own storage unit for added convenience. Property Manager is open to staying on for new owner. Waiting list of tenants so vacancy remains low! Offers will be presented as they are received.

Listing Status:
Pending
Date Added:
August 5, 2025 at 05:00AM
Listing Office:
HUNT Real Estate Corporation : 716-883-2200
Listing Agent:
Nicholas Corto : 716-864-1929
MLS ID:
B1627688
  • General: Storage
  • Appliances: Gas Water Heater
  • Laundry: Common Area
  • Basement: Full
  • Flooring: Ceramic TileHardwoodVaries
  • Heating: GasRadiant
  • Fireplace: Fireplaces: 0
  • Style: OtherSee Remarks
  • Parking: Gravel
  • Roofing: ArchitecturalShingle
  • General: BrickOtherCopper Plumbing4Poured
  • Road/Access: City Street
  • Originating MLS: NYS_B
  • School District: Lackawanna
  • County: Erie
  • Zoning: 140900-142-460-0010-001-100
  • Utilities: Electricity ConnectedSewer ConnectedWater ConnectedCircuit Breakers
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_B

This listing courtesy of Nicholas Corto, HUNT Real Estate Corporation

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Martin Road Elementary School

135 Martin Rd, Buffalo, NY, 14218

Grades 2-5

0.66 miles away

L

Lackawanna Middle School

550 Martin Rd, Buffalo, NY, 14218

Grades 6-8

1.19 miles away

L

Lackawanna High School

550 Martin Rd, Buffalo, NY, 14218

Grades 9-12

1.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.