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Key Details
Sold Price $245,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,676 sqft
Price per Sqft $66
MLS Listing ID R1421070
Sold Date 09/21/22
Construction Status Existing
HOA Y/N No
Year Built 1897
Annual Tax Amount $4,688
Lot Size 9,753 Sqft
Acres 0.2239
Lot Dimensions 104X93
Property Sub-Type Multi Family
Property Description
Here's a great investment opportunity! This College rental property has 3 Units with a total of 12 bedrooms and a large parking lot. Close to college and downtown Fredonia. There is a common laundry area for units 19 & 21 and unit 25 has its own laundry room. There are separate gas and electric meters for each unit. The own does pay the utilities which includes gas, electric and water. Currently there are 9 students with a signed lease for fall 2022 and spring 2023. A new roof was installed on units 19 & 21 approximately 3 years ago. Rental amounts are listed below with a total gross income of $45,400 per year based on the current number of lease agreements! Unit 19 rent per student per semester is $2,850, unit 21 rent per student per semester is $2,300 and unit 25 rent per student per semester is $2,600
Location
State NY
County Chautauqua
Area Fredonia-Village-065801
Direction The property is located between Day Street and White Street. From Temple St by Fredonia Convenient Food Mart turn onto Lambert Ave. Go straight through the 4-way stop and the property will be on the right!
Rooms
Basement Crawl Space
Interior
Heating Gas, Forced Air
Flooring Carpet, Laminate, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Aluminum Siding,Steel Siding,Vinyl Siding
Construction Status Existing
Schools
School District Fredonia
Others
Senior Community No
Tax ID 065801-113-015-0001-084-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Pioneer Star Real Estate Inc.