UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,139 sqft
Price per Sqft $52
MLS Listing ID B1694152
Style Fourplex
Bedrooms 9
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1943
Annual Tax Amount $6,952
Lot Size 0.459 Acres
Acres 0.4594
Lot Dimensions 133X150
Property Sub-Type Multi Family
Property Description
The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance.
Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements.
Currently, the property generates $2,450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3,600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors.
Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road. Schedule a private viewing to learn more about this promising investment opportunity.
Location
State NY
County Erie
Area Lackawanna-City-140900
Direction Ridge Road to Community Drive to Winstead Road
Rooms
Basement Full, Sump Pump
Interior
Interior Features Storage, Natural Woodwork, Window Treatments
Heating Gas, Forced Air
Flooring Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies, Vinyl
Fireplace No
Window Features Drapes,Thermal Windows
Appliance Gas Water Heater
Exterior
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt,Architectural,Shingle
Porch Covered, Open, Porch
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Block
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block,Frame,Concrete,Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Lackawanna
Others
Senior Community No
Tax ID 140900-142-120-0001-002-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION