Active
63 Winstead Road 57, Lackawanna NY 14218
MLS# B1694152
$269,000
Price
9
Beds
4
Baths
5,139
Living Area (Sq.Ft.)
0.459
Lot Area (Acres)
$269,000
Price
9
Beds
4
Baths
5,139
Living Area (Sq.Ft.)
0.459
Lot Area (Acres)
Welcome to 63 Winstead Road – an exceptional investment opportunity or the perfect residence for those seeking rental income to offset mortgage costs. This unique property comprises four separate apartments, each featuring its own private entrance, basement access, and dedicated off-street parking spaces. <br> <br>The configuration includes three two-bedroom units alongside one spacious three-bedroom apartment. Currently, three of the apartments are occupied by long-term tenants who have expressed a strong desire to remain, ensuring steady and reliable rental income. The vacant three-bedroom unit has been thoughtfully and fully remodeled to contemporary standards, showcasing new white shaker cabinetry, updated countertops, modern lighting fixtures, and high-quality vinyl flooring throughout. Freshly painted walls and refinished woodwork further enhance the inviting ambiance. <br> <br>Significant improvements include a newly installed sump pump in the basement and new exterior drainage tile, which collectively contribute to the property's functionality and long-term durability. The roof, approximately 15 years old, reflects consistent maintenance, while the exterior is clad in maintenance-free siding, minimizing upkeep requirements. <br> <br>Currently, the property generates $2,450 per month in rental income. Once the newly renovated three-bedroom apartment is leased, monthly revenue has the potential to exceed $3,600, offering attractive cash flow for investors. Whether you choose to occupy the renovated apartment personally and benefit from rental income from the remaining units, or rent out all four apartments, this property presents an advantageous opportunity for both homeowners and investors. <br> <br>Do not miss this chance to acquire a versatile, income-producing asset at 63 Winstead Road. Schedule a private viewing to learn more about this promising investment opportunity.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1943
Parcel Number
140900-142-120-0001-002-000
Unit Number
57
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Lot Size Dimensions
133X150
Stories
2
Bath Rooms Full
4
Property Condition
Resale
Elementary School District
Lackawanna
Middle Or Junior School District
Lackawanna
High School District
Lackawanna
Location
Listing Agent
Alan Miller
Listing Office
WNY Metro Roberts Realty
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-27
Owner Pays
Grounds Care, Trash Collection, Water
Rent Includes
Gardener, Trash Collection, Water
Fire Places Total
0
Interior Features
Storage, Natural Woodwork, Window Treatments
Flooring
Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies, Vinyl
Heating
true
Heating Features
Gas, Forced Air
Appliances
Gas Water Heater
Window Features
Drapes,ThermalWindows
Garage
--
Garage Spaces
0
Architectural Style
Fourplex
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt, Architectural, Shingle
Utilities
Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Parking Features
Concrete, Parking Available, Two Or More Spaces
Foundation Details
Block
Basement
Full, Sump Pump
Construction Materials
Block, Frame, Concrete, Vinyl Siding, Copper Plumbing, Pex Plumbing
Patio And Porch Features
Covered, Open, Porch
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.