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About This Home
This 0-bedroom, 5-bathroom commercial at 367 Broad St in Waverly, NY is listed for $625,000 ($65 per sqft). Built in 1900, the home offers 9,643 sqft of living space on a 0.11 acres lot.
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.
Key Features
- Built in 1900
- 0.11 acre lot
Property Details
Monthly Cost Estimate
$3,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
367 Broad St
Waverly, NY 14892
Questions & Answers
This 0-bedroom, 5-bathroom commercial at 367 Broad St is listed at $625,000 ($65/sqft). The estimated monthly payment is $2,708 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.11 acre lot.
This property is listed by Darel Smith Jr. and can be reached at 5704239829 or darelsmith@howardhanna.com.
