$575,000
Active
New Listing
16 Beds8 Baths4,878 SQFT
Active

9 Forbes Place Pomfret, NY 14063

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!

  • Property TypeMulti-Family
  • NeighborhoodHolland Land Company'S Su
  • CountyChautauqua
  • Taxes$10,304
  • HOA/Condo/Coop Fees$0
  • Days on Site0 Days
  • MLS StatusActive
  • MLS ID NumberR1553765
  • Home Size Source Public Records
  • Year Built1996
  • Lot Size0.31 Acres
  • Full Baths8
  • Partial BathsN/A

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General Features

  • Construction Vinyl SidingWood Siding
  • Parking Gravel
  • Electric Circuit Breakers
  • Basement PartialSump Pump
  • Number of Stories 222
  • Acreage 0.31
  • Water Public
  • Cross Street Central
  • Property Sub Type Multi Family
  • Garage Spaces 0
  • Utilities Sewer ConnectedWater Connected
  • Listing Conditions Standard

Interior Features

  • Heating GasBaseboard
  • Appliances Gas Water Heater
  • Flooring CarpetLaminateVaries
  • Furnished? Furnished
  • Interior Cathedral CeilingsWindow Treatments
  • Fireplaces 0
  • Laundry Features Common Area
  • Window Features Drapes
  • Fireplace No

Exterior Features

  • Roof AsphaltShingle
  • Waterfront Property No
  • Lot Near Public Transit
  • Road Frontage City Street

Community Features

  • Township Fredonia-Village
  • Senior Community No
  • MLS Area Fredonia-Village-065801

Schools

School District
Fredonia
Elementary School
Fredonia Elementary
Middle School
Fredonia Middle
High School
Fredonia High

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Monthly Payment (Est.)

$2,993
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