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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,215 sqft
Price per Sqft $55
MLS Listing ID R1695498
Bedrooms 20
Construction Status Existing
HOA Y/N No
Year Built 1938
Annual Tax Amount $15,283
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 185X287
Property Sub-Type Other
Property Description
Presenting an exceptional investment opportunity in the heart of Falconer, New York. This well-maintained 20-unit apartment complex offers an income-producing asset in a desirable location with convenient access to shopping, restaurants, schools, parks, and major transportation routes.
The property features 18- One bedroom and 2-Two bedroom all electric serviced units, each with its own electric meter, each supplied with stove and refridgerator. Residents enjoy the convenience of two coin operated laundry rooms within the building as well as nearby amenities while benefiting from the quiet, small-town atmosphere that makes Falconer an attractive place to call home.
With steady rental demand and proximity to Jamestown, this apartment complex represents an excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio. The property's size provides economies of scale while offering long-term income potential and opportunities for future value appreciation.
Whether you're seeking a turnkey investment or a property with upside potential through strategic improvements, this 20-unit complex is well-positioned to deliver consistent returns.
Property Highlights
20 residential apartment units
Located in Falconer, NY
Convenient access to Jamestown and surrounding communities
Close to shopping, dining, schools, and local employers
Strong rental demand in an established neighborhood
Excellent opportunity for long-term cash flow and portfolio growth
Well Maintained!!!
This multifamily property combines location, stability, and investment potential, making it a valuable addition to any real estate portfolio.
Location
State NY
County Chautauqua
Area Falconer-Village-063803
Direction From the Main Street in the heart of the village at the traffic light and ,go left to North Work street approx 3 blocks on the Left . Look for 305 North work apartments . It was the Northside Elementary School.
Rooms
Basement Partial, Sump Pump
Interior
Heating Baseboard, Electric
Flooring Laminate, Varies, Vinyl
Furnishings Unfurnished
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Laundry Common Area, Coin-operated
Exterior
Exterior Feature Fence, Gravel Driveway, Private Yard, See Remarks
Fence Partial
Community Features Laundry Facilities
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat,Membrane,Rubber
Garage No
Building
Lot Description Corner Lot, Irregular Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Additional Building Barn(s), Outbuilding
Structure Type Blown-In Insulation,Brick
Construction Status Existing
Schools
Elementary Schools Harvey C Fenner Elementary
Middle Schools Falconer Middle
High Schools Falconer Middle/High
School District Falconer
Others
Senior Community No
Tax ID 371.10-4-1
Security Features Security System Owned,Fire Escape,Security Service
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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