Listing Courtesy of: 716-413-1500 - Michael Heald - Premier Realty & Investments
716-679-7653
$575,000
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9 Forbes Pl Fredonia, NY 14063
Multi-Family
Residence
16
Beds
8
Baths
4,878
Sq. Ft.
0.31
Acre
Lot
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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 annu...ally (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!
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MLS#
R1553765
Property Type
Multi-Family
Bedrooms
16
Bathrooms
8 Full
Year Built
1996
Square Feet
4,878
sq. ft
Lot Size
0.31
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