367 Broad St, Waverly, NY 14892
sale
$625,000
|
Other
Courtesy Of Howard Hanna Realty Pioneers - Sayre
Exceptional investment opportunity in the heart of Waverly's business district! This high performing mixed-use building features 6 units: 1 commercial restaurant, 4 residential apartments, and 1 vacant unit that could be easily converted to a 1 bed 1 bath for additional income as it already features a kitchen & bathroom. All current units are occupied, generating strong cash flow from day one. The exterior has been remodeled, and the property offers laundry income, low operating expenses, and strong upside potential. Located on a high visibility corridor with approximately 17,460 vehicles per day. At 9,643sqft and priced at $625,000 ($64.81/sqft), it offers a 9.48% cap rate and $59,232 in NOI. Financing a 20yr 5/1 ARM with 25% down yields an 8.91% COC return. The potential for growth and long term value due to this location is unmatched. Rent roll, lease terms, entire investment highlight PDF, additional photos/videos, etc. are available to serious inquires.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Metal Siding
- Exterior Type: Brick
- Heating System: Electric (Heating)
- Heating System: Natural Gas
- MLSID: 31722810
- Roof Type: Rubber
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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