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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,542 sqft
Price per Sqft $112
MLS Listing ID R1678532
Bedrooms 14
Construction Status Existing
HOA Y/N No
Year Built 1875
Annual Tax Amount $15,276
Lot Size 1.050 Acres
Acres 1.0499
Lot Dimensions 150X304
Property Sub-Type Other
Property Description
Attention investors—this is a rare opportunity to acquire a well-maintained 14-unit apartment complex just inside the Village of Fredonia. With a strong rental history and gross annual income exceeding $140,000, this property offers immediate cash flow and long-term upside.
The property features two buildings: a front house with four spacious units and a rear single-story building consisting of 10 more units. Combined there are seven studio apartments, three 2-bedroom apartments, and four 1 bedroom apartments. Several units have been thoughtfully renovated, enhancing both appeal and rental potential.
Several major improvements have already been completed, including newer roofs, updated boilers, and hot water tanks, reflecting consistent ownership care and reduced future capital expenses.
The front building offers separately metered gas and electric for each of the four units, reducing expenses while adding efficiency and ease of management.
Ideally located within walking distance to downtown Fredonia's shops, restaurants, and nightlife, and just minutes from SUNY Fredonia, this property benefits from a highly desirable rental location.
Whether you're expanding your portfolio or entering the multi-family market, this property is a solid investment with proven performance.
Location
State NY
County Chautauqua
Area Fredonia-Village-065801
Direction located just off of route 20 on the right. at the base of chautuaqua road.
Rooms
Basement Full, Sump Pump
Interior
Interior Features Ceiling Fan(s), Storage
Heating Gas, Baseboard, Forced Air
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood
Laundry Washer Hookup
Exterior
Exterior Feature Blacktop Driveway, Patio
Community Features Other, See Remarks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Porch Covered, Patio, Porch
Garage No
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Foundation Slab
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Vinyl Siding,Copper Plumbing
Construction Status Existing
Schools
Elementary Schools Fredonia Primary
Middle Schools Fredonia Middle
High Schools Fredonia High
School District Fredonia
Others
Senior Community No
Tax ID 065801-113-018-0003-046-000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115