63 Winstead Road #57, Lackawanna, NY 14218
Local realty services provided by:ERA Team VP Real Estate
63 Winstead Road #57,Lackawanna, NY 14218
$269,000
- 9 Beds
- 4 Baths
- 5,139 sq. ft.
- Multi-family
- Pending
Listed by: alan miller
Office: wny metro roberts realty
MLS#:B1694152
Source:NY_GENRIS
Price summary
- Price:$269,000
- Price per sq. ft.:$52.34
About this home
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.
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.
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.
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.
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....
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Home facts
- Year built:1943
- Listing ID #:B1694152
- Added:56 day(s) ago
- Updated:August 23, 2026 at 07:49 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
- Basement:Yes
- Basement Description:Full, Sump Pump
- Living area:5,139 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1943
- Building area:5,139 sq. ft.
- Lot area:0.46 Acres
- Lot Features:Near Public Transit, Rectangular, Residential Lot
- Architectural Style:Fourplex
- Construction Materials:Block, Concrete, Copper Plumbing, Frame, Vinyl Siding
- Exterior Features:Open, Porch
- Foundation Description:Block
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$269,000
- Price per sq. ft.:$52.34
- Tax amount:$6,952
Features and amenities
- Amenities:Drapes, Storage
Parking
- Parking description:Concrete Driveway, Parking Available
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