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622 Spring St, Jamestown, NY - New York – $3,900,000

  • $3.9M Price
  • 2,361 Sqft
  • .14 Acres
  • $3.9M Price
  • 2,361 Sqft
  • .14 Acres

622 Spring St

110 residential rental properties totaling 197 units all within the Jamestown City Limits. Perfect opportunity for a high cash return on investment with a 13%+ CAP rate. All properties are located within a 1.5 Mi radius of each other. Properties break out into 51 Single Family Homes, 45 Two Unit Homes, 6 Three Unit Homes, 4 Four Unit Homes, 2 Mixed Use Buildings and 1 Vacant Land Parcel. All utilities, including water, are separate (with the exception of the 2 mixed use buildings). All tenants are on month to month leases. Full management team of 3 currently in place willing to continue with new owner. Contact me for full list of income and expenses as well as a full list of properties, rents, etc.

Essential Information

  • MLS® #B1177850
  • Price$3,900,000
  • Bathrooms0.00
  • Square Footage2,361
  • Acres0.14
  • Year Built1890
  • Sub-TypeOther - See Remarks
  • StatusActive

Type

Apartments - Five or More Units

Community Information

  • Address622 Spring St
  • AreaJamestown-City
  • CityJamestown
  • CountyChautauqua
  • StateNY - New York
  • Zip Code14701

Amenities

  • AmenitiesOther - See Remarks
  • ParkingNone, No Parking Spaces
  • GaragesNo Garage Spaces

Utilities

Other - See Remarks, All Utilities, No Utilities

Interior

  • InteriorOther - See Remarks
  • AppliancesOther - See Remarks
  • HeatingOther - See Remarks
  • Has BasementYes
  • BasementFull
  • # of Stories2

Exterior

  • ExteriorOther - See Remarks
  • Lot DescriptionOther - See Remarks
  • RoofOther - See Remarks

School Information

  • DistrictJamestown

Additional Information

  • Days on Website70

Listing Details

  • Courtesy of Greco Real Estate.Com
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Courtesy of Greco Real Estate.Com.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Finger Lakes Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2019 CNYIS, GENRIS, WNYREIS. All rights reserved.