About 5314 Broadway Street
Solid three-unit investment property with good cash flows and plenty of upside! Located in the Village of Lancaster, this property is a great opportunity for an investor or handy owner-occupant looking to build equity and increase future income. The spacious upper apartment features three bedrooms, a formal dining area, and lots of living space. The updated lower apartment has one bedroom and an open living/kitchen area. The commercial space offers three suites, ideal for a small businesses. Three-phase electric provides additional business possibilities. Locate your business in one suite and rent the others or take it all, there are lots of options. Parking lot can accommodate up to 8 cars and just received a fresh coat of blacktop. Both apartments have new hot water tanks and the office space has a new furnace. Located on a high-visibility stretch of Broadway close to shopping, amenities and commuter routes. A great opportunity for a savvy investor!
Features of 5314 Broadway Street
| MLS® # | B1711514 |
|---|---|
| Price | $374,900 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 5,046 |
| Square Footage | 4356 |
| Acres | 0.10 |
| Year Built | 1890 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5314 Broadway Street |
|---|---|
| Area | Lancaster-Village |
| City | Lancaster |
| County | Erie |
| State | NY |
| Zip Code | 14086 |
Amenities
| Utilities | Sewer Connected, Water Connected, Common Area Maintenance, Trash Collection, Water |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot |
| Parking | Common, Other, Paved, Parking Available, See Remarks, Two or More Spaces |
| Garages | Common, Other, Paved, Parking Available, See Remarks, Two or More Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate, Tile, Varies |
|---|---|
| Appliances | Gas Water Heater |
| Heating | Gas, Baseboard, Forced Air, Multiple Heating Units |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Brick, Wood Siding |
|---|---|
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot |
| Roof | Architectural, Flat, Membrane, Rubber, Shingle |
| Construction | Brick, Wood Siding |
School Information
| District | Lancaster |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Perfect Place |
|---|