$525,000
$575,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
8 Baths
4,878 SqFt
SOLD DATE : 02/25/2025
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,878 sqft
Price per Sqft $107
Subdivision Holland Land Company'S Su
MLS Listing ID R1553765
Sold Date 02/25/25
Bedrooms 16
Full Baths 8
Construction Status Existing
HOA Y/N No
Year Built 1996
Annual Tax Amount $10,304
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 110X117
Property Sub-Type Multi Family
Property Description
Attention Investors! EXCELLENT investment opportunity in the village of Fredonia. This beautiful and spacious student rental complex consists of 4 separate 4 bedroom/2 bathroom apartments. Totaling 16 bedrooms that are rented at $2750 per semester/per bedroom, there is the potential to earn 90k annually (this number does not reflect the summer months where additional income can be earned by utilizing each unit as an air BNB). Located on Central Avenue directly across from the SUNY Fredonia president's house, these fully furnished rental units are highly desired by students who wish to be within walking distance of campus. A large parking lot with enough space for 40 cars is shared with 185 Central Avenue. 185 central is being offered with this property as part of a package. Don't miss out on this rare opportunity!
Location
State NY
County Chautauqua
Community Holland Land Company'S Su
Area Fredonia-Village-065801
Direction Located near the corner of central Avenue and Forbes place
Rooms
Basement Partial, Sump Pump
Interior
Interior Features Cathedral Ceiling(s), Window Treatments
Heating Gas, Baseboard
Flooring Carpet, Laminate, Varies
Furnishings Furnished
Fireplace No
Window Features Drapes
Appliance Gas Water Heater
Laundry Common Area
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Building
Lot Description Near Public Transit, Residential Lot
Story 2
Foundation Poured
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Vinyl Siding,Wood Siding
Construction Status Existing
Schools
Elementary Schools Fredonia Elementary
Middle Schools Fredonia Middle
High Schools Fredonia High
School District Fredonia
Others
Senior Community No
Tax ID 065801-113-007-0003-043-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with PropertyMatch USA, LLC
Broker Associate | License ID: 10301219405
+1(315) 430-0030 | celeste.ccgrealty@gmail.com