Listing provided courtesy of EXP-Premier Listings TeamMLS# R1689109MLS ProviderContact Information: 716-485-1419
  • 21 days on site
  • 2 views

Attention investors, flippers, and landlords! This spacious fixer-upper offers a rare opportunity to create strong cash flow just minutes from SUNY Fredonia, a residential university serving thousands of students in the village of Fredonia. The campus remains a major driver of local housing demand, making this property an attractive candidate for student housing, room rentals, or a long-term investment strategy. Featuring generous square footage, multiple bedrooms, and flexible living areas, the property provides the layout investors seek for a potential student-rental conversion. With renovations and updates, there is significant upside potential to increase rental income and overall property value. Highlights include: Walking or short driving distance to campus Strong value-add opportunity Potential for student housing, shared living, or traditional rental use (subject to local zoning and approvals) Large footprint with room reconfiguration possibilities Affordable entry point for investors seeking cash-flow potential Located in a college-town market with ongoing student and faculty housing needs Property is being sold as-is. Bring your vision, contractor, and renovation plans. Whether you're looking to expand your rental portfolio, execute a BRRRR strategy, or create a high-demand student rental property, this opportunity deserves a close look. Unlock the potential and transform this property into a high-performing income-producing asset near one of Western New York's established college campuses.

Source: New York Alliance, MLS#: R1689109

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  • Property Type
    Residential
  • Lot
    0.06 acres

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Daniel Terhune
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  • Median Age
    44
  • Population Density
    471
  • College Educated
    29%
  • Estimated Median Income
    $38,604
  • Estimated Total Home Owners
    3,861
  • Estimated Total Renters
    2,618
  • Owner / Renter Divide
    60% / 40%
  • Estimated Average Household Size
    2
  • Total Population
    14,414
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 47 Ruggles Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/19/2026Source: New York Alliance Status Change
Pending
6/9/2026Source: New York Alliance Added to Database
June 09, 2026
3/28/2025Source: New York Alliance Status Change
Closed
2/1/2025Source: New York Alliance Status Change
Pending
1/6/2025Source: New York Alliance Price Reduction
$10,000 -32.9%
12/4/2024Source: New York Alliance Added to Database
December 04, 2024