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317 Fairmount Ave

jamestown, NY 14701

$2,550,000

  • 33 BR
    approx. 28,060 SF

Interested? Let's Connect

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.

Details

28,060 Sq Ft

2.08 Private Acres Lot Size

investment

$45,456 Annual Tax

Built in 1980

MLS/Listing ID R1632258

3 Stories

33 Units

Amenities & Features

Cathedral Ceilings

Coin-operated

Lot - Rectangular Lot

Electric Oven

Electric Range

Refrigerator

Heating - Baseboard

Heating - Electric

Heating - Heat Pump

Carpet

Laminate

Vinyl

Construction - Brick

Community - Laundry Facilities

Community - Storage Facilities

Electric Cooktop

Rubber

Membrane

Cooling - Heat Pump

Parking - One Space

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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