2900 Gerry Ellington RD Gerry, NY 14740
6 Beds
5,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $63
MLS Listing ID R1648651
Bedrooms 6
Construction Status Existing
HOA Y/N No
Year Built 1960
Annual Tax Amount $8,168
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 99X264
Property Sub-Type Commercial
Property Description
Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor's portfolio.
The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants.
Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential.
Investment Highlights:
• 7.9% cap rate
• Stable tenant base
• Strong rental history
• Efficient operating expenses
• Potential for rental upside
Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area.
Contact for full financial package, rent roll, and expense breakdown.
Location
State NY
County Chautauqua
Area Gerry-064489
Rooms
Basement Partial
Interior
Heating Gas, Baseboard, Hot Water
Flooring Carpet, Ceramic Tile, Laminate, Varies
Fireplace No
Appliance Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Laundry Coin-operated
Exterior
Exterior Feature Blacktop Driveway
Community Features Laundry Facilities
Roof Type Flat,Membrane,Rubber
Garage No
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Septic Tank
Water Well
Level or Stories Two
Structure Type Block,Concrete
Construction Status Existing
Schools
School District Cassadaga Valley
Others
Senior Community No
Tax ID 064489-302-018-0001-043-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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