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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 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.
| DAYS ON MARKET | 145 | LAST UPDATED | 10/22/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Depew Village-Lancaster-145201 |
| COUNTY | Erie | STATUS | Pending |
| PROPERTY TYPE(S) | Single Family |
| School District | Depew |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Depew Village-Lancaster-145201 |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Block, Frame |
| GARAGE | Yes |
| HEAT | Forced Air, Gas, Radiant |
| INTERIOR | Private Restrooms |
| LOT | 0.97 acre(s) |
| LOT DIMENSIONS | 220x217 |
| PARKING | Common,On Site,Surfaced |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 19758 |
| UTILITIES | Sewer Connected,Water Connected, |
| WATER | Public |
| ZONING | Residential Multi Use |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Erik Arneth, Symphony Real Estate LLC
Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information deemed reliable but not guaranteed
This IDX solution is (c) Diverse Solutions 2024.
