Property Description

Attention investors! Offered for sale is this three unit apartment building. First floor rear (apt 1) is a two bedroom with in unit laundry, first floor front (apt 3) is a studio, second floor (apt 2) is a one bedroom with in unit laundry. Apt 1 is heated with a forced air gas furnace, all other units have electric heat and water heaters. Little Valley Municipal Electric makes utilities affordable for tenants. Apts 1 and 2 need some cosmetic work and they all need a good cleaning. A strong rental market in Little Valley ensures good occupancy rates. This building is priced with a four year turnaround in mind (including the work that needs to be done). This is close enough to Ellicottville (13 min) to take advantage of the strong demand for short term rentals.

Property Features

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