2900 Gerry Ellington Road, Gerry, NY 14740

$375,000
6
BD
5,940
SqFt

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List Price
$375,000
Status
ACTIVE
MLS#
R1648651
Price Change
▼ $15,000 1780894129
Year Built
1960
Stories
2
Bedrooms
6
Acres
0.60
Living Area
5,940
Region
Gerry

Property Description

Exceptional Multifamily Investment – 7.9% Cap Rate 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.

Additional Information

Taxes
$8,168
Exterior Features
Blacktop Driveway
School District
Cassadaga Valley
Water
Well
Sewer
Septic Tank

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Calculator source: Real Geeks

Listing courtesy of ERA Team VP Real Estate. Contact: (724) 553-6051