90 Forest Ave Jamestown, NY 14701

Property Details for 90 Forest Ave

Property size

6,482 SF

Property type

Small apartment buildings

Description

This exceptional ten-unit multifamily property, located at 90 Forest Ave. in Jamestown, New York (zip code 14701), presents a compelling investment opportunity. The property boasts a total of 6,482 square feet and offers a mix of studio, one-bedroom, and two-bedroom units, catering to a diverse range of tenants. Its convenient location near public transportation and shopping ensures high tenant occupancy and satisfaction. The building is well-maintained and features off-street parking, a significant advantage for residents. Historical data demonstrates a strong and consistent rental history, providing investors with reliable cash flow and a predictable return on investment. This turnkey property is situated in Chautauqua County and is ideally positioned to benefit from potential rent growth in the Jamestown area. The asking price for this multifamily investment property is $375,000. This represents a rare opportunity to acquire a well-established, income-generating asset in a desirable location. The property's blend of unit sizes and its strong rental history make it an attractive proposition for both seasoned and new investors seeking a stable and profitable investment. The property is classified as both an apartment building and commercial property, offering flexibility and potential for future development.