4344 W Summit Street, Busti, NY 14750

$799,000
: 7
BD
: 8,843
SqFt

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List Price: $799,000
Status: ACTIVE
MLS#: R1695029
Year Built: 1950
Stories: 3
Bedrooms: 7
Acres: 1.05
Living Area: 8,843
Region: Busti

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Property Description

Rare opportunity to own an 8-unit lakefront property with an impressive 212 feet of frontage on beautiful Chautauqua Lake. Located in Lakewood and within the Southwestern School District, this unique property is priced to sell and offers incredible flexibility for investors, owner-occupants, or those looking to create a one-of-a-kind lakefront retreat. The property features a mix of units, including one spacious 3-bedroom, 2.1-bath apartment, six 1-bedroom, 1-bath apartments, and one studio apartment. The six 1-bedroom units are currently occupied and average $780 per month, with tenants paying their own utilities. The 3-bedroom unit and studio are currently vacant, offering immediate potential to increase income, occupy one of the units, or explore future use. Separate utilities add convenience and help simplify management. Additional features include a 4-car garage, wraparound driveway, ample parking, sweeping lake views, and a prime location close to dining, shopping, everyday amenities, and major routes. Continue using it as an income-producing rental, explore redevelopment opportunities, or imagine transforming the property into a private lakefront estate. Properties with this amount of Chautauqua Lake frontage are exceptionally rare—don’t miss the chance to invest in one of the area’s most sought-after lakefront locations.

716-356-2356 or (716) "356-BFLO"

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