For Sale
$599,900

14 Hedges Ave Jamestown, NY 14701

Eight-unit rental property, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a portfolio of eight single-family rental units located in Jamestown, Chautauqua County, New York. The portfolio boasts a total of 15,765 square feet and commands a compelling asking price of $599,900, translating to a price per square foot of $38.05. The properties are strategically situated across multiple addresses within the 14701 zip code, offering a diversified investment strategy. The portfolio generates a Net Operating Income (NOI) of $59,761.50, resulting in a 0.09% capitalization rate. This represents a strong foundation for potential investors seeking a stable and income-producing asset in a desirable location. The individual addresses included in this portfolio are: 14 Hedges Ave, 618 Newland Ave, 9 Myers Ave, 307 Newland Ave, 102 Williams St, 144 Barrett Ave, 15 Columbia Ave, and 178 Barrett Ave, all in Jamestown, NY. This portfolio offers a unique opportunity to acquire a substantial rental property with a proven track record of income generation. The properties are well-maintained and situated in a stable residential area, promising a consistent stream of rental income. This is an ideal investment for those seeking a diversified portfolio with strong potential for future appreciation.

Highlights

  • $599,900 asking price for a multifamily and retail portfolio.
  • 15,765 square feet total.
  • $38.05 price per square foot.
  • 9% cap rate.
  • $59,761.50 Net Operating Income (NOI).

Property Details for 14 Hedges Ave

Property type
Retail properties, Residential income homes
Square Feet
15,765 SF

Location Insight

City
Jamestown
County
Chautauqua
State
New York
Latitude
42.0983486
Longitude
-79.2211359

FAQs

What type of property is this?
Retail property - Eight-unit rental property, high ROI.
Where is the retail property located?
The property is located at 14 Hedges Ave Jamestown, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: $599,900 asking price for a multifamily and retail portfolio.; 15,765 square feet total.; $38.05 price per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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14 Hedges Ave
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