3330 Route 394 North Harmony, NY 14710
Listing by: NYS ALLIANCE / ERA Team Vp Real Estate / Sorena Gilkinson
$720,000

  3330 Route 394 North Harmony, NY 14710

Active (275 Days)

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.

MLS #:
R1422732
Taxes
$7,739
Lot Size
0.6 acres
Type
Multifamily
Year Built
2005
School District
Chautauqua Lake
County
Chautauqua County
Bathroom Details
Interior Features
  • Attic : Accessiblity : Additional Rooms :
Kitchen
  • Other - See Remarks
Subdivision
  • Holland Land Company's Su
Property Features
  • Fireplace: 0
Heating and Cooling
  • Gas
  • Forced Air
  • Ac-Central
Basement Information
  • Exterior Walkout
Flooring
  • Laminate-Some
  • Ceramic-Some
Exterior Features
  • Vinyl
  • Stone
  • Roof: Metal
  • Roof: Asphalt
Utility Information
  • Sewer: Septic
School Information
  • Elementary School: Chautauqua Lake Elementary
  • Middle School: Chautauqua Lake Middle
  • High School: Chautauqua Lake High
Parking
  • 3 or More Spaces
Stories
  • 2
Location
   
Calculate drive times to this property
 

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by ERA Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.