Standardized Operating Procedure of Purchase

Excellent investment opportunity in the City of Lockport! This well-maintained 5-unit multi-family property is a valuable addition to any investor’s portfolio. Featuring three 1-bedroom apartments and two studio units, the property offers a strong unit mix with consistent rental appeal. Conveniently located near local shopping, dining, and everyday amenities, tenants will appreciate the accessibility and convenience of city living.

This income-producing property also includes existing framework for a potential sixth unit, creating an opportunity for additional cash flow with estimated rental income of approximately $800 per month. Current gross monthly rents total $3,725, with contracted increases bringing monthly income to $4,020 by Spring 2026. Whether you’re a seasoned investor or looking to break into multi-family ownership, this property offers both immediate income and future upside potential.