Exceptional Investment Opportunity Near Chautauqua Lake – Fully Rented 8-Unit Property
Located in the desirable lakeside community of Stow, NY, this well-maintained 8-unit multifamily property offers immediate cash flow and long-term investment potential. Just minutes from the shores of Chautauqua Lake and convenient to area attractions, this turnkey property is fully rented with a solid rental history and stable occupancy.
Each unit features comfortable layouts, ample natural light, and updated systems to support low-maintenance ownership. Tenants enjoy off-street parking, a peaceful setting, and close proximity to local amenities, recreational areas, and major routes.
Recent improvements include the new addition which added 3 apartments bringing the total to 8. The combination of apartments includes 3 2 bedrooms, 4 1 bedrooms, and 1 efficiency. With reliable tenants in place and consistent income, this property is an ideal addition to any investor’s portfolio that can include additional storage income in the walk-out basement. Monthly utilities are included in the rent but can be charged back to the tenants.
Don’t miss this rare opportunity to own a high-performing asset in a sought-after area near Chautauqua Lake. Schedule your private tour today.
Listing by: NYS ALLIANCE / ERA Team Vp Real Estate / Sorena Gilkinson
$144,900
Mayville Area Single Family Home
Active
31 W Marvin Street Mayville, NY 14757
3 Bed
2 Baths
1222 sqft
MLS# R1605959
Welcome to 31 W. Marvin St., Mayville!
This lovely home is located in the Village of Mayville and sits nearby to Chautauqua Lake, Lakeside Park, the dog park, and the Rails to Trails for any activity you desire. You are also just a minute away from Gravit's Field which is a great place to watch the fireworks if you don't want to worry about the crowds. Your amenities such as dining, live music, putt putt, ice cream, and shopping are also within close proximity.
Inside the home you will be welcomed into the living room with a large window that overlooks the back yard and is perfect for hanging your favorites plants for natural sunlight. Leading from the living room, a formal dining room sits at your right with a spacious eat-in-kitchen offering new subway tile, freshly painted cabinets, and access to the back yard with the large back deck. Continuing through the first floor you will find an updated full bathroom with laundry room providing ceramic tiles in the shower and on the floor, along with a new window, and vanity. The original stand-up shower, toilet, and sink is located on the other side of the bathroom and could be easily removed. A first-floor bedroom finishes off the first floor which offers extra space that could be used as a sitting area or extra storage. Upstairs you will find two more bedrooms and a full bath.
Outside you will enjoy a large village lot of over 1/2 an acre which offers many opportunities for such things as gardening or entertaining, including the back deck, and more. Mature shade trees are present as well as a detached 2 car garage with space for parking, a workshop, and a 2nd floor for extra storage. Off-street parking rounds out this property.
Listing by: NYS ALLIANCE / ERA Team Vp Real Estate / Sorena Gilkinson
Located in the desirable lakeside community of Stow, NY, this well-maintained 8-unit multifamily property offers immediate cash flow and long-term investment potential. Just minutes from the shores of Chautauqua Lake and convenient to area attractions, this turnkey property is fully rented with a solid rental history and stable occupancy.
Each unit features comfortable layouts, ample natural light, and updated systems to support low-maintenance ownership. Tenants enjoy off-street parking, a peaceful setting, and close proximity to local amenities, recreational areas, and major routes.
Recent improvements include the new addition which added 3 apartments bringing the total to 8. The combination of apartments includes 3 2 bedrooms, 4 1 bedrooms, and 1 efficiency. With reliable tenants in place and consistent income, this property is an ideal addition to any investor’s portfolio that can include additional storage income in the walk-out basement. Monthly utilities are included in the rent but can be charged back to the tenants.
Don’t miss this rare opportunity to own a high-performing asset in a sought-after area near Chautauqua Lake. Schedule your private tour today.