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    14 Hedges Ave Jamestown, NY 14701

    Sponsored
    For Sale
    $599,900

    Eight-unit rental property, high ROI.

    Property size:
    15,765 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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.

    Property Features for 14 Hedges Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,765 SF

    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 Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.2211359
    Latitude
    42.0983486

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit rental property, high ROI.
    Where is this multifamily 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.
    Request Owner's contact information
    14 Hedges Ave Jamestown, NY 14701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14 Hedges Ave Jamestown, NY 14701
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