15 Chautauqua Street, Pomfret, NY 14063

Property Description

Investor Opportunity – 14-Unit Apartment Complex in Fredonia Attention investors—this is a rare opportunity to acquire a well-maintained 14-unit apartment complex just inside the Village of Fredonia. With a strong rental history and gross annual income exceeding $140,000, this property offers immediate cash flow and long-term upside. The property features two buildings: a front house with four spacious units and a rear single-story building consisting of 10 more units. Combined there are seven studio apartments, three 2-bedroom apartments, and four 1 bedroom apartments. Several units have been thoughtfully renovated, enhancing both appeal and rental potential. Several major improvements have already been completed, including newer roofs, updated boilers, and hot water tanks, reflecting consistent ownership care and reduced future capital expenses. The front building offers separately metered gas and electric for each of the four units, reducing expenses while adding efficiency and ease of management. Ideally located within walking distance to downtown Fredonia’s shops, restaurants, and nightlife, and just minutes from SUNY Fredonia, this property benefits from a highly desirable rental location. Whether you’re expanding your portfolio or entering the multi-family market, this property is a solid investment with proven performance.