361 - 367 Lincroft Road, Lackawanna, NY 14218

Property Description

This is a four-unit rental property that's already up and running. Three units are rented out, with one vacancy for a possible owner occupant or rent it out for even more income. Each unit has 2 bedrooms and 1 bathroom, with its own entrance, its own basement, and its own driveway. Two of the four units were renovated between 2024 and 2026. It also has a large side yard that adds to the property's potential. The numbers: it brings in about $32,400 a year in rent, costs about $16,300 a year to run, leaving roughly $16,600 a year in profit. The tenants are all on month-to-month leases, so you have flexibility to adjust rents or make changes as units turn over. This solid, steady earning property, in a very convenient location, is great for income now and the potential for even more growth over time.