2 Duplexes 404,406,408,410 Temple St. Fredonia, NY 14063 4 Units Housing 8 Students paying $1950 a semester (8 X 1950 X 2 Semseters) = $31,200 Summer Rent= $6,000 Total Rent= $37,200 total Taxes $8,800 Insurance $1,650 Location, Location, Location, all of these properties are right next to the State University of New York in Fredonia. (Map on Bottom of page)… That is the reason why, for 20+ years we have had 100% occupancy in all of our units. Never once has one of these gone unrented. The demand is there and the college isn’t getting any smaller (in 2009 they increased their student population by 5%). These are very well maintaned properties. All of them are coming fully furnished with all appliances. Rent is only collected twice a year (first and second semester). We normally rent to college students during the 3 months of summer also. I know of property management companies in the area who can maintain these properties if you do not live nearby.
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