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Price $899,000

7 Cloyes Avenue, Lancaster, New York 14043, Lancaster, New York 14043

  • Bedrooms : 2
  • Bathrooms : 2
  • Square Footage : 1,588 Sqft
  • Visits : 8 in 3 days
$899,000
Features
Heating System :
Gas, Baseboard
Basement :
Crawl Space
Appliances :
Gas Water Heater
Architectural Style :
Duplex
Parking Features :
Two Or More Spaces
Pool Expense : $0
Sewer :
Connected
Address Map
State :
NY
County :
Erie
City :
Lancaster
Zipcode :
14043
Street : 7 Cloyes Avenue, Lancaster, New York 14043
Floor Number : 0
Longitude : W79° 18' 39.8''
Latitude : N42° 53' 44.6''
MLS Addon
Office Name : Avant Realty LLC
Association Fee : $0
Bathrooms Total : 2
Building Area : 1,588 Sqft
CableTv Expense : $0
Construction Materials :
Wood Siding
DOM : 1
Electric Expense : $0
Flooring :
Other, See Remarks
Garage Spaces : 2
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash, Conventional
Lot Features :
Cul-De-Sac, Irregular Lot
LotSize Dimensions : 120X250
Maintenance Expense : $0
Parcel Number : 145289-115-010-0001-003-000
Special Listing Conditions :
Standard
Stories Total : 1
Utilities :
Sewer Connected, Water Connected
AttributionContact : 716-333-4663
Property Description

$899k for the whole package. Own the cul de sac. Welcome to 1-7 cloyes Ave in depew. This listing specifically is 7 Cloyes which is a duplex with 2 one bedroom apartments. Cayuga heights elementary School in your backyard and Cayuga Creek within a rocks throw. Investment Portfolio Opportunity – Single-Family Home Plus Two Duplexes & Three Buildable Lots. An incredible chance to acquire a turnkey multi-property investment package with built-in income and development potential. The offering includes: One single-family home ideal for owner-occupancy or steady rental income. Currently tenant occupied. Two duplexes, each generating strong cash flow with separate utilities that are currently tenant occupied. Three vacant and buildable lots with utilities available at the road. Additional land area on the current parcels that can support construction of more multi-family units (verify with local zoning).The current owner has approval to build a couple of duplexes on the vacant lots. There could be more opportunity with proper re zoning. All properties are located within close proximity, simplifying management and maximizing efficiency. Whether you’re an investor seeking immediate returns and future expansion or a developer looking for multi-unit potential, this package delivers both. Properties can be sold as a complete package only. Financials and parcel maps available upon request. Seller is willing to hold a mortgage with $170k down on a 15 year term at 7.25% interest rate.

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : B1643161
Price : $899,000
Bedrooms : 2
Bathrooms : 2
Square Footage : 1,588 Sqft
Year Built : 1930
Lot Area : 30,056 Sqft
Status : Active
Property Sub Type : Multi Family
Agent info
David Weitzel
Element Realty Services
Element Realty Services
390 Elmwood Avenue, Buffalo NY 14222
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