Owner willing to hold mortgage. There are 16 separate properties and 23 units all located in Lockport, NY and the surrounding area. All records are available for viewing for serious buyers. Asking price: $799,000 Appraised value: $881,000 Gross rents at 90% occupancy: $12,020 Taxes and insurance: ($3,267) Management fee 10% of rents: ($1,202) Income before mortgage and maintenance: $7551/month The maintenance on all houses last year was $1,300/month (not including labor) My management company would still continue to manage all properties if needed. I have always had occupancy rates over 90%. I can hold part of the mortgage but the terms would have to be 20% down, 80% owner financing with other terms agreed upon. Summary for all properties: Address Units Appraisal Sale Price Rents Tax & Ins.Net Inc. 9 Corinthia St. 1 $50,000 $50,000 $725 $300 $425 51 Randolph 2 $74,000 $70,000 $1,250 $300 $950 85 Elmwood 4 $80,000 $80,000 $2,075 $329 $1,746 95 Caledonia 1 $58,000 $50,000 $700 $180 $520 109 Chestnut 2 $60,000 $50,000 $875 $170 $705 137 Chestnut 1 $42,000 $35,000 $575 $150 $425 159 Prospect 2 $60,000 $50,000 $1,025 $208 $817 176 N. Transi 1 $52,000 $50,000 $700 $117 $583 190 Erie St. 2 $60,000 $50,000 $900 $224 $676 295 Clinton St. 1 $58,000 $50,000 $650 $174 $476 304 Clinton St. 1 $30,000 $30,000 $550 $130 $420 305 Chestnut 1 $52,000 $45,000 $655 $200 $455 373 N. Transit 1 $52,000 $50,000 $725 $180 $545 475 Hawley St. 1 $56,000 $50,000 $750 $235 $515 3913 W. Fair C 1 $45,000 $45,000 $550 $150 $400 5656 Old Saun 1 $52,000 $44,000 $650 $220 $430 Totals: 23 $881,000 $799,000 $13,355 $3,267 $10,088 Spreadsheets are available with information about each unit, tenants, and expenses for each year. Email or call 716-514-8828