About 367 Broad St
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 unit used as storage that could be converted to a 1 bed 1 bath for additional income. All current units are occupied, generating strong cash flow from day one. The exterior has been remodeled, and the property includes laundry income, low expenses, and requires little to no upfront capital expenditures. 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 9.32% cap rate and $58,224 in NOI. Financing a 20yr 5/1 ARM with 25% down yields an 8.26% 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.
Features of 367 Broad St
| MLS® # | 31722810 |
|---|---|
| Price | $625,000 |
| Bathrooms | 4.50 |
| Full Baths | 4 |
| Half Baths | 1 |
| Acres | 0.11 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 367 Broad St |
|---|---|
| City | Waverly |
| County | Tioga |
| Zip Code | 14892 |
Interior
| Heating | Electric, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick, Metal Siding |
|---|---|
| Roof | Rubber |
| Foundation | Stone |
School Information
| District | Waverly |
|---|
Additional Information
| Date Listed | July 1st, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Howard Hanna At Home Realty |
|---|