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317 Fairmount Avenue, Jamestown, NY 14701
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$2,725,000
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Home Details for 317 Fairmount Avenue
Price
$2,725,000
Type
Commercial/Industrial
Bedrooms
33
Year Build
1980
Sq. Ft.
28060
County
Chautauqua
Basement
None
Tax
$45,456
MLS®️ Listing#
R1632258
On exitrealty.com
159 days
Property Description
Presenting a well-maintained 33-unit multifamily community that combines strong curb appeal, excellent tenant amenities, and consistently above-average occupancy. This property represents a rare opportunity to acquire a stabilized asset with both proven cash flow and continued upside through modernized unit renovations.
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.
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- Heating Information
- Heat Pump
- Electric
- Baseboard
- Utilities
- Sewer Connected
- Water Connected
- Cooling Information
- Heat Pump
- Water Features
- Public
- House Interior
- Cathedral Ceiling(s)
- Parking
- Paved
- Basement
- None
School Information
School Information for 317 Fairmount Avenue
Elementary School
Lincoln Elementary
Middle School
Persell Middle
High School
Jamestown High
Listing Courtesy: PropertyMatch USA, LLC - 716-969-0449. Presented by: Kristien Olson
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2025-10-10 13:29:22
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