Seller Financing
Address
4928 Broadway, Lancaster, NY
Price
$ 1,050,000
Property Attributes
- MLS#B1528504
- TypeCommercial
- CountyERIE
- CityLancaster
- AreaDepew Village-Lancaster
- Zip14043
- StyleCommercial
- Year Built1900
- Taxes$ 19938
- Price$ 1,050,000
- Bedrooms10
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11049
- Lot Size0.97 Acres
Data Source:
Central New York Information Services (CNYIS)
Property Description
Prime 11-unit Investment on Broadway! Three adjacent properties in a sought-after location 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 - an excellent setup for businesses. Impressively, all properties 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 rent increases in 3 units. Additionally there are 42 spot communal parking spaces spanning the shared lot. Most tenants pay separate utilities. This unique investment promises immediate income of $10,680/m (gross) and potential long-term appreciation. Tax and square footage amounts are combined. Individual amounts are as follows: 4922: Taxes $3420, 1750 sqft. 4928: Taxes $11364, 7222 sqft. 4940: Taxes $5155, 2077 Sqft.
| Price History | |
|---|---|
| 3/27/2024 | Listed $1,050,000 |
General Features
| Interior Features | CeilingFans,Other,SeeRemarks,Storage |
|---|---|
| Sewer | Connected |
| Heating | Gas,ForcedAir,Radiant |
| Cooling | CentralAir |
| Utilities | SewerConnected,WaterConnected |
| Possession | CloseOfEscrow |
| Roof | Asphalt,Shingle |
| Appliances | GasWaterHeater |
| Exterior Features | BlacktopDriveway |
| Garage Spaces | 0.0 |
| Construction Materials | Brick,VinylSiding,CopperPlumbing,PEXPlumbing |
| Year Built | 1900 |
| Electric | CircuitBreakers |
| Stories | 2 |
| Township | Depew-Village |
| Levels | Two |
| Property SubType | Commercial |
| Gross Income | 128160.0 |
| OwnerPays | GroundsCare,Water |
| County | Erie |
| Property Type | CommercialSale |
| Garage Y/N | No |
| Rent Includes | CommonAreaMaintenance,Water |
| Status | Active |
| Directions | Turn East off Transit. |
| City | Lancaster |
| High School District | Depew |
| Total Units | 11 |
| MLS Area | Depew Village-Lancaster-145201 |
| Lot Size Square Feet | 42455.0 |
| Waterfront Y/N | No |
| Street Name | Broadway |
| Year Built Details | Existing |
| Tax Annual Amount | 19938.0 |
| Property Condition | Resale |
| Days on Market | 1 |
| Standard Status | Active |
| Middle/Junior School District | Depew |
| Elementary School District | Depew |
| Tax Assessed Value | 260000 |
| TaxOtherAnnualAssessmentAmount | 0.0 |
| Tax Lot | 13 |
| Property Sub Type Additional | Commercial,Other |
Interior Features
| Basement | Partial,SumpPump |
|---|---|
| Flooring | Carpet,Laminate,Tile,Varies |
| Total Fireplaces | 1 |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Laundry Features | WasherHookup |
| Total Bedrooms | 10 |
Exterior Features
| Parking Features | ThreeormoreSpaces,NoGarage |
|---|---|
| Lot Features | NearPublicTransit |
| Water Source | Connected,Public |
| Lot Size Area | 0.97 |
| Building Area Total | 11049.0 |
| Lot Dimensions | 220X217 |
| Lot Size Acres | 0.97 |
| Lot Size Units | Acres |
| Number of Separate Gas Meters | 11 |
| Number of Separate Electric Meters | 11 |
| Road Frontage Type | MainThoroughfare |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 14043
Price
Taxes
Visits
Year Built
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor NextHome
