Attention Investors! EXCELLENT investment opportunity in the village of Fredonia. This beautiful and spacious student rental complex consists of 4 separate 4 bedroom/2 bathroom apartments. Totaling 16 bedrooms that are rented at $2750 per semester/per bedroom, there is the potential to earn 90k annually (this number does not reflect the summer months where additional income can be earned by utilizing each unit as an air BNB). Located on Central Avenue directly across from the SUNY Fredonia president's house, these fully furnished rental units are highly desired by students who wish to be within walking distance of campus. A large parking lot with enough space for 40 cars is shared with 185 Central Avenue. 185 central is being offered with this property as part of a package. Don't miss out on this rare opportunity!
Closed
$525,000
9 Forbes St, Fredonia, NY 14063
16beds
4,878sqft
Multi Family
Built in 1996
-- sqft lot
$550,200 Zestimate®
$108/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 27, 2025 at 05:14am
Listed by:
Michael Heald 716-413-1500,
Premier Realty & Investments
Bought with:
Nicole Genberg, 10401295713
PropertyMatch USA, LLC
Source: NYSAMLSs,MLS#: R1553765
Originating MLS: Chautauqua-Cattaraugus
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Gas, Baseboard
Appliances
- Included: Gas Water Heater
- Laundry: Common Area
Features
- Cathedral Ceiling(s), Window Treatments
- Flooring: Carpet, Laminate, Varies
- Windows: Drapes
- Basement: Partial,Sump Pump
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 4,878
- Total interior livable area: 4,878 sqft
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.31 Acres
- Dimensions: 110 x 117
- Features: Near Public Transit, Residential Lot
Details
- Parcel number: 0658011130070003043000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Siding
- Foundation: Poured
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1996
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Fredonia
- Subdivision: Holland Land Company's Su
Other
Other facts
- Listing terms: Cash,Conventional