7 bedrooms house in Fredonia, United States

• Multi family, residential
• Built in 1900
• Gas, hot water
• No data
• 2 Garage spaces
• $65 price/sqft
• 3% buyers agency fee

Great investment opportunity! This 7 bedroom home has been a student rental for many years - it can be used as a single 7 bedroom home or as a 3 and 4 bedroom duplex by simply closing two doors. There are 4 bedrooms downstairs with a kitchen, full bath, dining room and living room. The upstairs unit has 3 bedrooms, a full bath, kitchen and living room. The mechanical systems and a coin operated washer & dryer are in the basement. A large driveway provides plenty of parking and there is also a two car detached garage as well as a garden shed for lots of of storage. Current rents are $2800/student/semester for a yearly gross income of $39,200. Most windows are thermopane, new metal roof in 2016, most of the flooring and carpeting was replaced in 2021, new hot water tank in 2023, a regularly serviced Dunkirk boiler with hot water radiators provides reliable heat. In order to facilitate a quick sale, this property is being listed well under its current income based market value of $255,000! This home is normally fully rented each year. Currently, there are 4 leases signed for 2023-2024 with a 5th and 6th in progress. Dont miss this great deal on a proven money maker!