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2900 Gerry Ellington Rd Gerry, NY 14740

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For Sale
$390,000

Turnkey multifamily property with a strong 7.9% cap rate.

Lot size:
0.60 Acres

Property Features for 2900 Gerry Ellington Rd

General Information

Property type
Investment
Standard status
Active
Lot size
0.60 Acres

Building Details

Year built
1960

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Listing Contact
Heather Chase
Heather Chase
Source: Elliman

Listing Agent: Heather Chase

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Investment Property For Sale

This multifamily property offers a 7.9% cap rate and immediate cash flow. The well-maintained asset provides stable income, making it an addition to any investor’s portfolio. The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants. Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential. The property is ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area.
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Multifamily properties

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Location Insight

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City
Gerry
County
Chautauqua
State
New York
Longitude
-79.2478036
Latitude
42.195028

FAQs

What type of property is this?
Multifamily property - Turnkey multifamily property with a strong 7.9% cap rate.
Where is this multifamily property located?
The property is located at 2900 Gerry Ellington Rd Gerry, NY.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: - Strong 7.9% Cap Rate; - Turnkey Property with Immediate Cash Flow; - Located in a Desirable Rental Corridor near Amenities and Major Employers
More about this property
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