UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,758 sqft
Price per Sqft $38
MLS Listing ID R1716023
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1880
Annual Tax Amount $9,014
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 221X217
Property Sub-Type Other
Property Description
The building features five occupied apartments and common laundry facilities. The owners currently occupy the largest 2-bedroom unit, offering the next owner the option to occupy the apartment or generate additional rental income. The unfinished third floor offers a 3-bedroom apartment that is not currently in service or included in the existing rental income. Once completed, this space could bring the building to six units, further increasing its income potential.
With established rental income, extensive improvements, and the flexibility for owner occupancy or additional rental income, this property offers an attractive investment opportunity.
The property may also be purchased together with the adjoining four-unit investment property at 238 1/2 E. Main Street, consisting of an extensively remodeled three-unit apartment building and a detached 1-bedroom cottage renovated in 2026. See MLS #R1680077 for the combined listing of both properties, offering nine existing units with the potential for ten.
Location
State NY
County Chautauqua
Area Westfield-Village-067201
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard, Forced Air
Flooring Hardwood, Varies, Vinyl
Fireplace No
Appliance Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Gas Water Heater, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Blacktop Driveway, Gravel Driveway
Community Features None
Utilities Available Sewer Connected, Water Connected
Roof Type Composition,Shingle
Porch Covered, Porch
Garage No
Building
Lot Description Irregular Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Aluminum Siding
Construction Status Existing
Schools
School District Westfield Academy And Central
Others
Senior Community No
Tax ID 067201-193-013-0002-009-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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