Property Attributes
- MLS#B1528688
- TypeCommercial
- CountyERIE
- CityLancaster
- AreaDepew Village-Lancaster
- Zip14043
- StyleOffice
- Year Built1900
- Taxes$ 19938
- Price$ 1,050,000
- Bedrooms0
- 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 | |
---|---|
3/28/2024 | Listed $1,050,000 |
General Features
Sewer | PublicSewer |
---|---|
Heating | Gas,ForcedAir,Radiant |
Cooling | CentralAir |
Utilities | SewerConnected,WaterConnected |
Possession | CloseOfEscrow |
Roof | Asphalt,Shingle |
Zoning | C-2 |
Construction Materials | Block,Frame |
Year Built | 1900 |
Stories | 2 |
Township | Depew-Village |
Levels | Two |
Property SubType | Office |
Gross Income | 128160.0 |
County | Erie |
Property Type | CommercialSale |
Possible Use | Other,Residential,Retail |
Status | Active |
Directions | Turn East off Transit. |
City | Lancaster |
High School District | Depew |
Zoning Description | Commercial |
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 |
Lease Considered Y/N | No |
Standard Status | Active |
Middle/Junior School District | Depew |
Elementary School District | Depew |
Tax Assessed Value | 535700 |
TaxOtherAnnualAssessmentAmount | 0.0 |
Tax Lot | 13 |
Property Sub Type Additional | Office,Retail,Apartment,MixedUse,Commercial |
Interior Features
Basement | Partial |
---|---|
Flooring | Carpet,Linoleum,Vinyl |
Total Stories | 2 |
Basement (Y/N) | Yes |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Exterior Features
Parking Features | Common,OnSite,Surfaced |
---|---|
Water Source | Public |
Total Parking | 42.0 |
Inclusions | Land and Building |
Lot Size Area | 0.97 |
Number of Buildings | 4 |
Building Area Total | 11049.0 |
Lot Dimensions | 220X217 |
Lot Size Acres | 0.97 |
Lot Size Units | Acres |
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