317 Fairmount Avenue

About this home

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.

Interior features

• Cathedral Ceilings

Exterior features

• Blacktop Driveway

Appliances

• Electric Cooktop
• Electric Oven
• Electric Range
• Refrigerator

Mechanical

Schools

Tax & finance

Location

Jamestown, NY 14701 · Chautauqua County

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