FOR SALE: Former Two Story, Brick School that has been converted to 19 one bedroom apartments. Currently HUD subsidized apartments • Age and low income restricted • Can be converted to market rate apartments at end of HUD contract if desired • Additional apartments can be constructed within 5000/SF vacant gymnasium in building • Excess land could accommodate 12-13 more units • Coin-Op laundry on site • Plenty of parking • Building size - 23,500 sf • Located within walking distance of Chautauqua Lake • Tenants pay electric • Asking $1,125,000 • 8% CAP Rate!! • Nine of 19 units completely renovated • $400,000 in improvements are being made • Currently including all new windows & exterior doors, new central boiler, new electrical panel and installation of mini-split HVAC units in all apartments.