$360,000
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5 Beds
5,720 SqFt
SOLD DATE : 03/14/2025
Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,720 sqft
Price per Sqft $62
MLS Listing ID R1582503
Sold Date 03/14/25
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1872
Annual Tax Amount $7,345
Lot Size 8,415 Sqft
Acres 0.1932
Lot Dimensions 76X110
Property Sub-Type Other
Property Description
This exceptional 5-unit student rental property, located just minutes from the State University of New York at Fredonia (SUNY) and downtown Fredonia, offers a great investment opportunity with a strong rental history and income potential of over $66,000 annually, excluding summer rental options. The property includes one 4-bedroom unit, which could be an option for an owner-occupant, along with four 2-bedroom units, all partially furnished and featuring fully equipped kitchens and laundry facilities. Students are responsible for electricity and gas. The property comes with a new roof (installed in 2023). With its prime location close to the university, shopping, restaurants, and more, this property is an excellent choice for investors. The garage offers additional potential to lease or keep for personal use. Don't miss out on this great opportunity!
Location
State NY
County Chautauqua
Area Fredonia-Village-065801
Direction Main St. Fredonia (Route 20) to corner of Temple and Central. Address is 65-67 Temple and 3 Central.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Laminate, Varies
Furnishings Furnished
Fireplace No
Appliance Dryer, Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Exterior
Exterior Feature Gravel Driveway
Utilities Available Sewer Connected, Water Connected
Roof Type Metal
Building
Lot Description Corner Lot, Irregular Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Vinyl Siding,Wood Siding
Construction Status Existing
Schools
School District Fredonia
Others
Senior Community No
Tax ID 065801-113-014-0003-046-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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