Thomas Lewin

North Tonawanda NY Commercial for Sale

Priced reduced $50k and ready to sell. 6 of 8 units are on Belmont Moderate Rehab program. This is an old program, where the rental assistance is attached to the apartment. Which means, if a tenant vacates, the assistance stays with the apartment. Easy renting as prospective tenants that meet the guidelines get assistance while they live in the units. Sec. 8 also pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less tenants security deposit) for tenant damages. Annual rents are $53,532. Many long term tenants. Old, but solid building. Lister is the owner and can explain anything you need to know about the program. Tenants pay Gas and Electric, except apt. 8 landlord pays electric. Stove and refrigerator in building 23 are supplied by landlord. Building 25 tenants supply their own appliances.

Buffalo NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood, 87 Windwood, 3-9 Drake, 4-10 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. 2019 Tear off roof, add new 1/2" plywood sheathing and 50 year shingles. . Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 12 Windwood, 87 Windwood, 3-9 Drake, 4-10 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 36 Glenwood, 3-9 Drake and 4-10 Drake. Total of a 6 buildings is $1,384,400. 2019 Tear off roof, new 1/2" plywood sheathing and 50 year shingles. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 87 Windwood, 3-9 Drake and 4-10 Drake. Total of a 6 buildings is $1,384,400. 2 Drake DR. Is attached to this building but is not owned by me and is not part of this sale. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 87 Windwood, 3-9 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. 2 Drake DR. Is attached to this building but is not owned by me and is not part of this sale. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 87 Windwood, 4-10 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. 1 Drake DR. Is attached to this building but is not owned by me and is not part of this sale. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Possible owner financing with 20% down.5% interest. 30 year payout, callable in 3 years. Building is on a HUD Substantial rehabilitation contract that expires 12/31/2036. This is an old program where the section 8 certificate stays with the unit. HUD raises rents annually. Seller is the owner/ manager of property and will help you get up to speed on all requirements. All mechanicals are up to date and replaced as needed. 2019 tear off roof with new sheathing and 50 year shingles. Reason for selling is retirement. Thomas E. Lewin is partner in Lewin Brothers Inc. and is a licensed real estate broker.These are guaranteed rents for the HUD portion. We did not have one tenant payment problem throughout Covid. rentals are easy as the Section 8 is with the property and all you need to do is find a lower income person that meats the guidelines. Rare opportunity to find a building on this program at an affordable price. Rents listed are effective 12/23/2022. HUD Approval of assignment of contract will be required. Hud says figure 3 months for approval and 5 months for closing.

Cheektowaga NY Home for Sale

Possible owner financing with 20% down.5% interest. 30 year payout, callable in 3 years. Lister is owner. 3 of 4 units have a HUD Section 8 Substantial rehabilitation contract attached to them. This is an old form of section 8 where the rental assistance is attached to the unit. When tenant vacates the assistance stays with the unit. Very easy to rent. Contract expires 12/23/35. Rents are raised annually by HUD and every 5 years there is a substantial increase.

Cheektowaga NY Home for Sale

Possible owner financing with 20% down.5% interest. 30 year payout, callable in 3 years. Property has a HUD Substantial rehab contract attached to it that expires 6/30/2035. 4 Family at 5-17 Allison (Listing B1438083) is included in that contract and must be purchased with this property. Total for both buildings is $659,900. Contract must be assumed by purchaser. Rental assistance is attached to the apartment. When tenant vacates renting is easy because qualified new tenant automatically gets assistance while they live here. Many long term tenants. Annual rent adjustments by HUD and large increase every 5 years. Owner has self-managed these since 1980 and will help with transition and HUD paperwork.New tear off roof with plywood sheathing and 50 year shingles 2019. All mechanicals are up to date.

Cheektowaga NY Home for Sale

Possible owner financing with 20% down.5% interest. 30 year payout, callable in 3 years. Property has a HUD Substantial rehab contract attached to it that expires 6/30/2035. 4 Family at 4-16 Allison (Listing B1438069) is included in that contract and must be purchased with this property. Total for both buildings is $659,900. Contract must be assumed by purchaser. Rental assistance is attached to the apartment. When tenant vacates renting is easy because qualified new tenant automatically gets assistance while they live here. Many long term tenants. Annual rent adjustments by HUD and large increase every 5 years. Owner has self-managed these since 1980 and will help with transition and HUD paperwork.New tear off roof with plywood sheathing and 50 year shingles 2019. All mechanicals are up to date.

Amherst NY Home for Sale

Excellent starter home or investment property. Both Units remodeled. New kitchen and carpeting in lower last year. New driveway apprx. 4 years ago. Very good mechanicals. Updated furnaces, water tanks and circuit breakers. Sewer lateral replaced about 5 years ago. New basement drain tile 2020. Lower is vacant for easy occupancy. Upper leased at $915. Easy rentals as it's a short walk to UB. Show lower only. Second floor can be shown on 2nd showing. All appliances and furniture stays with the unit.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 12 Windwood, 87 Windwood, 3-9 Drake, 4-10 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood, 87 Windwood, 3-9 Drake, 4-10 Drake and 36 Glenwood. Total of a 6 buildings is $1,384,400. 2019 Tear off roof, add new 1/2" plywood sheathing and 50 year shingles. . Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 36 Glenwood, 3-9 Drake and 4-10 Drake. Total of a 6 buildings is $1,384,400. 2019 Tear off roof, new 1/2" plywood sheathing and 50 year shingles. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.

Cheektowaga NY Home for Sale

Property to be sold as a package of Six 4 family buildings all under Section 8 Moderate Rehabilitation contract, implemented by Belmont Housing. This is NOT your typical section 8 rental program. The rental assistance is attached to the apartment. When tenants vacate the assistance stays with the unit. Easy rerentals as new tenant automatically gets rental assistance if they meet the guidelines. Belmont pays 80% of contract rent for 1st month of vacancy and up to 2 months of contract rent (less security deposit) towards back due rent and tenant damages. Originally was a 15 year contract starting 1882 and has been renewed annually since 1997 with annual increases in rent. To be sold with 11 Windwood,12 Windwood, 87 Windwood, 3-9 Drake and 4-10 Drake. Total of a 6 buildings is $1,384,400. 2 Drake DR. Is attached to this building but is not owned by me and is not part of this sale. Lister is owner. Thomas E. Lewin is a licensed Real Estate Broker.