101640 Home SfrJamestown, NY 14701

Property Details for 101640 Home Sfr

Year built

1898

Property size (Sq ft)

10,925 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents an 11-unit single-family rental portfolio located in Jamestown, New York. The portfolio comprises a diverse mix of properties, including one single-family home, three duplexes, and one quadplex, totaling 10,925 square feet on a 74,242 square foot lot. The portfolio boasts 100% occupancy with a current Net Operating Income (NOI) of $53,937, translating to an 8.63% cap rate. Pro-forma NOI is projected at $67,970, representing a 10.88% pro-forma cap rate. The eleven units are distributed as eight one-bedroom, one two-bedroom, and two three-bedroom units. Built in 1898, the property offers significant potential for future appreciation. The asking price is $625,000, or $56,818 per unit, and the price per square foot is $57.21. This fee-simple ownership opportunity is ideal for investors seeking a stabilized, cash-flow generating asset in a growing market. The property benefits from minimal deferred maintenance and the potential for seller financing. This portfolio represents a compelling investment with strong potential for long-term growth and returns. The property is located in Jamestown, NY, zip code 14701.

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.0672

Longitude

-79.2677

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