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5314 Broadway

Lancaster NY 14086

4
2
5046 sq. ft.
4356 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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

4 bedrooms
2 bathrooms
5046 sq. ft. floor area
4356 sq. ft. lot size
Multi-Family

Happy sellers in Lancaster

100%
100% of sellers in Lancaster reported that their sale price either exceeded or met their price expectations.

Lancaster stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Lancaster over the last 12 months.

Local market activity for 4 bedroom multi families in Lancaster

In the last 12 months, 2 four-bedroom multi families similar to 5314 Broadway, have been sold.

This represents a 34% increase in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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