55 Waterman St, Lockport, NY 14094

What an investment opportunity! This two-unit 4,322 square foot multi-family home is located in the Lockport Central School District. This property has had been in one family for multiple generations. During that time a number of important mechanical features have been updated including the roof, electrical, plumbing, and boiler. Unit 1 is currently rented for $550 but could be rented for $1,000 - $1,200 per month given the size and layout of the unit. Unit 2 is currently vacant but was going to be rented recently for $800 a month. That’s $2,000 a month or $24,000 annually. Perhaps you’ve always needed an apartment for extended family. Or consider having your tenant pay your mortgage for you.