0 Spring StJamestown, NY 14701

Property Details for 0 Spring St

Year built

1930

Lot size

0.36 AC

Property size (Sq ft)

7,292 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a well-maintained seven-unit apartment building situated on a 0.36-acre lot in Jamestown, New York. The property, built in 1930, boasts a total of 7,292 square feet across two stories, offering a compelling price per square foot of $45.26 and a price per unit of $47,142.86. The asking price for this multifamily property is $330,000. All offers must include three parcels: 370.19-2-62, 370.19-2-61, and 370.19-2-60. The property features a strong net operating income (NOI), making it an attractive investment. Showings are limited to prospective buyers who submit a fully executed Letter of Intent or purchase contract to minimize disruption to the tenants. The current property manager will remain in place to ensure a smooth transition for the new owner. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. The property's address is 15-23 Spring St, Jamestown, NY 14701, and its APN is 060800-370-019-0002-062-000.

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.1062

Longitude

-79.2398

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