913 S State Street

Status: Sold
Mixed Use
0 beds
0 baths
0 sq.ft
Listing Price: $289,900

About this home

Excellent opportunity for investor or owner/user in the heart of Lockport's downtown business district. Cap rate approaches nearly 11%! Plenty of upside potential and heavy traffic pattern. 3 units in building. 1st floor retail, 2nd floor apartment/office/retail, 3rd floor office/retail/apartment. Owner has addressed multiple deferred maintenance items: updated HVAC system, two new bathrooms, new water heaters, new roof on front gables, new downspouts, added drywall in basement, remodeled kitchen on 2nd floor.

Property details

Property / Lot Details
Approximate Age Older
Number Of Apts 1
Property Type Mixed Use
CurrentUse Commercial
Lot Dimensions 25 X 135
FrontageType City Street, State Road, US Highway
LotSizeSquareFeet 0
Number Of Offices 1
PropertySubType Mixed Use
NumberOfUnitsTotal 3
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Individual
Area Major Homer / Lockport
Zoning Type COMMR
Directions Renwick Rd to State St (Rte 171) to Property
Geographic Locale South Suburban, Southwest Suburban
Location Central Business District
Unincorporated No
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1928
Parking Total 4
MRD Virtual Tour None
Interior Features
Heat/Ventilation Forced Air,Gas
Stories 2
Utilities Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Washer/Dryer Lsd No


Investment Profile Commercial Sale
CapRate 10.6
ElectricExpense 0
Financing Conventional
Fuel Expense 0
Gross Rental Income $34,800
Gross Rent Multiplier 0
Insurance Expense 0
Net Oper Income $30,100
Other Expense $1,000
Scavenger Expense 0
Total Monthly Income 2900
OperatingExpense 4700
Water Expense 0


Multiple Pin Numbers 0
PIN 1104233170040000
Taxes $3,698
Tax Year 2017
$289,900 Listing Price:
MLS # 10258855
Investment Profile Commercial Sale
Listing Market Time 80 days
List Date 01/28/2019
Year Built 1928
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