UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $224
Subdivision Oriental Park Sec K
MLS Listing ID R1699815
Bedrooms 3
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1972
Annual Tax Amount $6,309
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 142X130
Property Sub-Type Multi Family
Property Description
The upper level features an approximately 1,560 square foot apartment with two bedrooms, a loft, and two full bathrooms. The second apartment offers approximately 775 square feet with one bedroom, one full bathroom, and a private deck. All units are equipped with air conditioning.
The first floor is currently configured as three professional office suites. Subject to buyer verification, zoning requirements, and municipal approvals, the office space may offer the opportunity to be converted into two additional residential apartments.
The property also includes an additional buildable lot measuring approximately 95 x 130 feet, two parking lots, lake rights with a dock slip, and ample off street parking. The seller is willing to negotiate the purchase price if retaining the additional side lot.
The owner is relocating the business to another local location and is offering the real estate for sale. The business is not for sale and will continue to operate locally.
Whether expanding your investment portfolio or adding value through future redevelopment, this property offers outstanding potential. Projected annual gross rental income is approximately $80,400 in its current configuration, with additional upside possible through future conversion, subject to approvals.
Located in the Village of Bemus Point, you'll enjoy convenient access to Chautauqua Lake, restaurants, boutiques, parks, marinas, seasonal events, and year round recreation. Also Under R1699429
Location
State NY
County Chautauqua
Community Oriental Park Sec K
Area Ellery-063689
Interior
Heating Gas, Zoned, Baseboard, Hot Water
Cooling Zoned, Central Air
Flooring Hardwood, Luxury Vinyl, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Balcony, Deck, Hot Tub/Spa
Utilities Available Sewer Connected
Roof Type Asphalt
Porch Balcony, Deck
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Slab
Sewer Connected
Water Well
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Existing
Schools
Elementary Schools Bemus Elementary
High Schools Maple Grove Junior-Senior High
School District Bemus Point
Others
Senior Community No
Tax ID 063689-333-013-0003-004-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION