101640 Home Sfr Jamestown, NY 14701
- Residential income homes
- 10,925 SF
Current Use by Public Records
- Residential income homes
Property Details for 101640 Home Sfr
- Year built
- 1898
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2677
- Latitude
- 42.0672
