317 Fairmount AVE Jamestown, NY 14701
33 Beds
28,060 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 28,060 sqft
Price per Sqft $90
MLS Listing ID R1632258
Bedrooms 33
Construction Status Existing
HOA Y/N No
Year Built 1980
Annual Tax Amount $45,456
Lot Dimensions 238X380
Property Sub-Type Commercial
Property Description
Property Highlights
• Unit Mix: 23 spacious two-bedroom apartments and 10 one-bedroom apartments, catering to a broad range of tenant demographics.
• Upgrades: Many units have been completely remodeled, offering modern finishes that attract quality tenants and command premium rents.
• Building Quality: Secure, well-kept building with on-site storage and garage parking available for select units—an attractive amenity that differentiates the property in the marketplace.
• Outdoor Features: Residents enjoy green space and a gazebo area, creating a sense of community and enhancing tenant retention.
• Management: Professional, attentive management has maintained occupancy levels consistently above market averages, ensuring reliable income and reduced turnover risk.
Investment Appeal
This 33-unit property offers investors the rare combination of stability and value-add potential. With a strong history of occupancy, upgraded units, and attractive amenities, the building generates steady cash flow while still leaving room to capture further upside through the continuation of interior renovations and potential operational efficiencies.
Ideal for both private investors and institutional buyers, this is a turnkey multifamily acquisition in a demand-driven rental market.
Location
State NY
County Chautauqua
Area Jamestown-City-060800
Rooms
Basement None
Interior
Interior Features Cathedral Ceiling(s)
Heating Electric, Heat Pump, Baseboard
Cooling Heat Pump
Flooring Carpet, Laminate, Luxury Vinyl, Varies, Vinyl
Fireplace No
Appliance Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Laundry Coin-operated
Exterior
Exterior Feature Blacktop Driveway
Community Features Laundry Facilities, Storage Facilities
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Brick
Construction Status Existing
Schools
Elementary Schools Lincoln Elementary
Middle Schools Persell Middle
High Schools Jamestown High
School District Jamestown
Others
Senior Community No
Tax ID 060800-387.09-1-3
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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