285 Chapel St, Lockport, NY 14094

Owner can hold mortgage with this investment opportunity for the right potential owner occupant. Property is a Left/Right duplex in the City of Lockport. The “Right" apartment was recently renovated significantly and is brand new and available for the new owner occupant to move into at the time of closing. The “Left” apartment is tenant occupied and income producing at a rental rate of $700/month with the tenant paying for individually metered gas and electric. Significant upgrades to the property include TWO brand new furnaces and two brand new hot water tanks. Significant upgrades to the “Right/potential owner occupied apartment include brand new flooring and painting throughout entire apartment, brand new pex plumbing, new thermostat to complement brand new furnace, custom luxury kitchen cabinets, new faucet in kitchen, new shower head and wand in bathroom, new lighting fixtures and various other items have been upgraded. Property is available to be purchased with a down payment to the right buyer. Seller can hold mortgage at below market rate or can sell to an all cash buyer or can sell to a conventional buyer with mortgage financing through a bank. Ideally our buyer would be able to put down a significant down payment and we can hold the mortgage at below market interest. Example of an owner hold mortgage we can do would be $24,900 down payment (DP) and the remaining monthly mortgage repayments for 30 years at 6.759 annual interest would equate to only $649/month. Yes we can make a deal happen for the right buyer with a greater DP (then your remaining monthly mortgage repayments would be lower) or with a lesser DP (then your remaining monthly mortgage mortgage repayments would be greater). In any event we are looking for a down payment and would love to hold the mortgage for 10 or 20 or 30 years or whatever fits your investment goals. A few mortgage options are included in the photos and you can select one that works best for you. Mortgage calculator can be found at, go in here and play around with the numbers to determine a repayment schedule that works best for you: https://www.bankrate.com/mortgages/mortgage-calculator/ The majority of availability to show the property is around 5:00-5:15 pm weekdays. We have another duplex available for purchase that is right around the corner from this one. We can put together a 2-4-1 deal for a bigger investor looking to buy two duplexes. Positive vibes.