4922-4928-4940 Broadway Lancaster, NY 14043

1 / 49

View all 49 Photos

Map

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 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/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.