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Real Estate Advantage

800 Fairmount Ave, WE
Jamestown, NY 14701
& 16 Main St Bemus Point, NY 14712
716-484-2020
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Listing 7 out of 215
$3,900,000 A-Active

622 Spring Street
Jamestown, NY 14701

Multi Family 5+
5998 sq ft - MLS# B1177850
Property Photo

Description

110 residential rental properties totaling 197 units all within the Jamestown City Limits. Perfect opportunity for a high cash return on investment with a 13%+ CAP rate. All properties are located within a 1.5 Mi radius of each other. Properties break out into 51 Single Family Homes, 45 Two Unit Homes, 6 Three Unit Homes, 4 Four Unit Homes, 2 Mixed Use Buildings and 1 Vacant Land Parcel. All utilities, including water, are separate (with the exception of the 2 mixed use buildings). All tenants are on month to month leases. Full management team of 3 currently in place willing to continue with new owner. Contact me for full list of income and expenses as well as a full list of properties, rents, etc.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Other - See Remarks
  • Listing Status: A-Active
  • County/Area: Chautauqua County
  • Zip Code: 14701
  • Year Built: 1890
  • School District: Jamestown
  • Sq.Ft.: 2,361 sq ft
  • Stories: 2-Story
  • Basement: Full
  • Lot Size: 5998 sq ft
  • Amenities Included: Other - See Remarks
  • Directions To Property: Contact Listing Agent For Full List Of Properties Available.
  • Driveway Description: Other - See Remarks
  • Exterior Construction: Other - See Remarks
  • Floor Description: Other - See Remarks
  • Garage Spacesper Apt: No Garage Spaces
  • Gross Annual Income: 990420
  • HVAC Type: Other - See Remarks
  • Heating Fuel Description: Gas
  • Incomeexpense Information: Provided By Owner
  • Kitchen Equip Appl Included: Other - See Remarks
  • Lot Dimensions Depth: 120
  • Lot Dimensions Frontage: 50
  • Lot Information: Other - See Remarks
  • Lot Number: 8
  • Nearest Cross Street: E 6th St.
  • Number Of 1 Bedroom Apartment: 23
  • Number Of 2 Bedroom Apartment: 75
  • Number Of 3 Bedroom Apartment: 81
  • Number Of Studio Apartments: 2
  • Operating Expenses Include: Accounting/Legal, Insurance, Management, Other - See Remarks, Repairs/Maintenance, Reserves For Replacement
  • Parking Spacesper Apt: No Parking Spaces
  • Rent Includes: All Utilities, No Utilities, Other - See Remarks
  • Roof Description: Other - See Remarks
  • Sewer Description: Sewer Connected
  • Total Number Of Apartments: 197
  • Total Stories: 2
  • Total Taxes: 170075
  • Town County Tax: 170075
  • Village: Not Applicable
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
  • Year Built Description: Existing
Courtesy of Greco Real Estate.com

Real Estate Advantage
800 Fairmount Ave, WE
JAMESTOWN, NY 14701
Phone: (716)484-2020
Email: homes@reahomesearch.com

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