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.
Listing by ERA Team VP Real EstateBrokerage Phone: (724) 553-6051License #10301213611
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,168
Year Built
Built in 1960
Lot Details
26,136 Sq Ft Lot
Lot Dimensions are 99x264
Rectangular Lot
Interior Spaces
6 Bedrooms
5,940 Sq Ft Home
2-Story Property
Partial Basement
Kitchen
Gas Oven
Gas Range
Flooring
Carpet
Laminate
Ceramic Tile
Laundry
Dryer
Washer
Parking
No Garage
Driveway
Utilities
Heating System Uses Gas
Baseboard Heating
Hot Water Heating System
Well
Gas Water Heater
Septic Tank
Listing and Financial Details
Tax Lot 43
Assessor Parcel Number 064489-302-018-0001-043-002
Community Details
Building Details
Operating Expense $20,000
Gross Income $60,000
Additional Features
6 Units
Coin Laundry
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,168
Year Built
Built in 1960
Lot Details
0.6 Acres
Listing Details
Property Sub Type: Commercial
Property Type: Multi Family
Rent Includes: All Utilities
Year Built: 1960
Attribution Contact: (724) 553-6051
ResoLaundryFeatures: Coin-operated
Lot Features: Rectangular, Rectangular Lot, Residential Lot
Road Frontage Type: City Street
Co List Office Mls Id: C45
Co List Office Phone: 716-413-0200
Flooring: Carpet, Ceramic Tile, Laminate, Varies
Garage Yn: No
Unit Levels: Two
Year Built Details: Existing
Property Sub Type Additional: Commercial
Special Features: None
Interior Features
Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Basement: Partial
Basement YN: Yes
Total Bedrooms: 6
Stories: 2
Stories: 2
Exterior Features
Acres: 0.6
Waterfront: No
Construction Type: Block, Concrete
Exterior Features: Blacktop Driveway
Garage/Parking
Parking Features: One and One Half Spaces, Driveway, No Garage
Utilities
Heating: Gas, Baseboard, Hot Water
HeatingYN: Yes
Water Source: Well
Condo/Co-op/Association
Community Features: Laundry Facilities
Senior Community: No
Schools
Junior High Dist: Cassadaga Valley
Lot Info
Parcel Number: 064489-302-018-0001-043-002
Lot Dimensions: 99X264
Lot Size Sq Ft: 26136.0
ResoLotSizeUnits: Acres
Multi Family
Number Of Units Total: 6
Annual Gross Income: 60000.0
Annual Operating Expense: 20000.0
Tax Info
Tax Annual Amount: 8168.0
Tax Lot: 43
Map
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2025
$261
$5,000
$5,000
$0
2024
$261
$5,000
$5,000
$0
2023
$172
$5,000
$5,000
$0
2022
$172
$5,000
$5,000
$0
2021
$174
$5,000
$5,000
$0
2020
$174
$5,000
$5,000
$0
2019
--
$5,000
$5,000
$0
2018
--
$5,000
$5,000
$0
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
As a top-producing realtor with over 20 years of experience in the real estate industry, I have a proven track record of success in helping clients achieve their real estate goals. My commitment to excellence and deep understanding of the market have earned me recognition as one of the leading agents in both the McKean County, PA and Chautauqua County, NY markets. I am passionate about helping clients find their dream homes and navigate the complex property market. My approach centers on
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