38-40 Lambert AVE, Fredonia, NY 14063
38-40 Lambert AVE, Fredonia, NY 14063
38-40 Lambert AVE, Fredonia, NY 14063
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$209,900
Est. payment /mo
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8 Beds
4 Baths
2,312 SqFt
Price Dropped by $10K

38-40 Lambert AVE Fredonia, NY 14063

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Adam Grandmont

Adam Grandmont

+1(585) 203-6541

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,312 sqft

Price per Sqft $90

MLS Listing ID B1698996

Style Triplex

Bedrooms 8

Full Baths 3

Half Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1872

Annual Tax Amount $5,277

Lot Size 0.479 Acres

Acres 0.4789

Lot Dimensions 114X183

Property Sub-Type Multi Family

Property Description

Exceptional turnkey investment opportunity in the heart of Fredonia! Perfectly positioned at 38 Lambert Ave, this fully furnished three-unit property is located less than a five-minute drive from SUNY Fredonia, making it an ideal addition to any investor's portfolio. With strong rental demand driven by the nearby university, this property offers outstanding income potential from day one. The building features a spacious mix of units, including a 4-bedroom, 1.5-bath, 3-bedroom, 1-bath, and 1-bedroom, 1-bath apartment, providing flexibility to attract a variety of tenants. The 3-bedroom unit is already generating $2,000 per month in rental income, while the remaining units offer excellent opportunity for additional cash flow. The 4 bedroom unit currently has 3 bedrooms rented out, and the 4th will be rented soon. Each apartment is separately metered for gas and electric, allowing tenants to pay their own utilities and helping reduce owner expenses. Best of all, this is a truly turnkey investment-all furniture, furnishings, and contents are included in the sale, allowing the next owner to step in and begin operating immediately.
Whether you're looking to expand your investment portfolio, capitalize on the consistent student rental market, or own a low-maintenance income-producing property in a prime location, 38 Lambert Ave checks all the boxes. Don't miss this rare opportunity to own a fully equipped multi-family property just minutes from campus, downtown Fredonia, restaurants, shopping, and local amenities. $5K+ IN POTENTIAL GROSS RENTAL INCOME!! Showings begin immediately, offers will be reviewed as they are received.

Location

State NY

County Chautauqua

Area Fredonia-Village-065801

Rooms

Basement None

Interior

Interior Features Ceiling Fan(s), Bedroom on Main Level

Heating Gas, Baseboard, Forced Air, Wall Furnace

Flooring Carpet, Laminate, Resilient, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Exterior Feature Patio

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Handicap Access Accessible Bedroom

Porch Patio

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 1

Foundation Slab

Sewer Connected

Water Connected, Public

Architectural Style Triplex

Level or Stories One

Structure Type Brick,Vinyl Siding

Construction Status Existing

Schools

School District Fredonia

Others

Senior Community No

Tax ID 065801-113-015-0001-013-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Century 21 North East

Nearby School & Business

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Adam Grandmont

+1(585) 203-6541

grandmont.adam@gmail.com

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