Listing Courtesy of: Erik Arneth - Symphony Real Estate LLC
716-771-5104
$995,000
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4922-4928-4940 Broadway Lancaster, NY 14043
Office
Residence
Beds
Baths
...
Bed/Bath
11,049
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Prime 11-unit Investment in the Village of Depew! Three adjacent properties provide an unmatched opportunity for investors. The portfolio includes 10 apartments (2 one bedroom, 6 two bedroom, 2 three bedroom) and a remodeled storefront with a partially finished basement. Impressively, all 3 properti...es boast a 100% occupancy rate. 4922 BROADWAY is a 3/2 Double; 4928 BROADWAY houses the storefront and 3 apartments under a 4-year-old roof, with a rear building holding 3 apartments beneath a 1-year-old roof, and a 2-car garage; 4940 BROADWAY is a 3/2 Double, with its lower unit recently fully renovated. Brand new improvements include a complete boiler system in 4928 Rear (apt 3-5), as well as flooring, updates and/or rent increases in every unit. Additionally there are 42 spot communal parking spaces spanning the shared lot. Most tenants pay separate utilities. This unique investment promises immediate income of over $10,680/m (gross) with rent increases in process, and long-term appreciation. Tax and square footage amounts are combined. Individual amounts are as follows: 4922: Taxes $3489, 1750 sqft. 4928: Taxes $11164, 7222 sqft. 4940: Taxes $5255, 2077 Sqft.
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MLS#
B1548775
Property Type
Office
Year Built
1900
Square Feet
11,049
sq. ft
Lot Size
0.97
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