Closed

$525,000

9 Forbes St, Fredonia, NY 14063

16beds

4,878sqft

Multi Family

Built in 1996

-- sqft lot

$572,100 Zestimate^®

$108/sqft

$1,454 Estimated rent

Home value

$572,100

$423,000 - $772,000

$1,454/mo

Zestimate^® history

Owner options

List your home for rent

$1,454/mo

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$1,454/mo

Rent Zestimate^®

Refinance and save

$3,698/mo

Est. payment

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$3,698/mo

Est. payment

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What's special

Large parking lot

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8
Full bathrooms: 8

Heating

Gas, Baseboard

Appliances

Included: Gas Water Heater
Laundry: Common Area

Features

Cathedral Ceiling(s), Window Treatments
Flooring: Carpet, Laminate, Varies
Windows: Drapes
Basement: Partial,Sump Pump
Has fireplace: No
Furnished: Yes

Interior area

Total structure area: 4,878
Total interior livable area: 4,878 sqft

Property

Parking

Parking features: Gravel

Features

Levels: Two
Stories: 2

Lot

Size: 0.31 Acres
Dimensions: 110 x 117
Features: Near Public Transit, Residential Lot

Details

Parcel number: 0658011130070003043000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding, Wood Siding
Foundation: Poured
Roof: Asphalt,Shingle

Condition

Resale
Year built: 1996

Utilities & green energy

Electric: Circuit Breakers
Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Holland Land Company's Su

Location

Region: Fredonia

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $45,700
Annual tax amount: $10,304
Date on market: 7/29/2024
Cumulative days on market: 98 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
2/25/2025	Sold	$525,000-8.7%$108/sqft
Source: NYSAMLSs #R1553765 Report a problem
11/4/2024	Pending sale	$575,000$118/sqft
Source: NYSAMLSs #R1553765 Report a problem
7/29/2024	Listed for sale	$575,000$118/sqft
Source: NYSAMLSs #R1553765 Report a problem