Description
Where else can you find a great rental investment that is close to everything and comes almost completely occupied? This 8 unit property sits close to I-86, close to Chautauqua Lake, as well as Lakewood, and the Chautauqua Institution and provides a great opportunity for an investor or someone looking to live in one of the units while earning rental income on the remainder of the building. The building has seen a recent addition (2021/2022) and adds 2 brand new apartments that are framed in and being completed. The remaining other 6 units in the original building all have leases from long-term tenants so your rental income starts from day 1! Some of the units in the original building were once commercial but have been converted to residential. All 8 units are classified as residential with a mixture of 1 bedroom, 2 bedroom, and studio apartments. There is additional space within the basement area of the main building to add a few storage areas for tenants providing additional monthly revenue.
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0BEDS
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0.6ACRES
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0BATHS
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01/2 BATHS
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8,498SQFT
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$85$/SQFT
School Information
Description
Where else can you find a great rental investment that is close to everything and comes almost completely occupied? This 8 unit property sits close to I-86, close to Chautauqua Lake, as well as Lakewood, and the Chautauqua Institution and provides a great opportunity for an investor or someone looking to live in one of the units while earning rental income on the remainder of the building. The building has seen a recent addition (2021/2022) and adds 2 brand new apartments that are framed in and being completed. The remaining other 6 units in the original building all have leases from long-term tenants so your rental income starts from day 1! Some of the units in the original building were once commercial but have been converted to residential. All 8 units are classified as residential with a mixture of 1 bedroom, 2 bedroom, and studio apartments. There is additional space within the basement area of the main building to add a few storage areas for tenants providing additional monthly revenue.
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Listing information © 2023 CNYIS, GENRIS, WNYREIS. Listing provided by Sorena Gilkinson of Era Team Vp Real Estate : 716-413-0200.