$194,075
$225,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3,960 SqFt
SOLD DATE : 07/29/2024
Key Details
Sold Price $194,075
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $49
MLS Listing ID R1537200
Sold Date 07/29/24
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1977
Annual Tax Amount $9,972
Lot Size 0.492 Acres
Acres 0.4924
Lot Dimensions 130X165
Property Description
Great Investment Property! 5 unit apartment complex in the heart of Fredonia! Walking distance to downtown shops, stores and parks. Low traffic on a dead end street in the village. There is a one-bedroom apartment, and 4 two bedrooms, each tastefully decorated and well taken care of. Appliances are included. Storage units for each apartment are also included. Total monthly rents $3,035 or $36,420 a year. Newer flooring and fresh paint for most of the units. Shared laundry for 4 of the apartments and #E in rear has its own utility/laundry room. Moreover, Fredonia's strong rental market and steady population growth make this property an attractive investment opportunity with promising appreciation potential. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a solid entry into real estate, this five-unit investment property presents an enticing proposition for financial success.
Location
State NY
County Chautauqua
Area Fredonia-Village-065801
Direction From Main St turn down Clinton, home will be on the right
Interior
Interior Features Storage
Heating Gas, Baseboard, Hot Water
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Laundry Common Area, Washer Hookup
Exterior
Exterior Feature Gravel Driveway
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Rectangular, Residential Lot
Story 2
Foundation Slab
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Stucco,Wood Siding,Copper Plumbing
Construction Status Existing
Schools
Elementary Schools Fredonia Elementary
Middle Schools Fredonia Middle
High Schools Fredonia High
School District Fredonia
Others
Senior Community No
Tax ID 065801-113-012-0001-006-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with HUNT Real Estate Corporation
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