About 218 E 2nd Street # 212-218
BACK ON MARKET; BUYER FINANCING FAILED! Occupancy is the highest it’s been in years, and the current owner has completed numerous updates—making this 21-unit property a standout opportunity. This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential. There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant. Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.
Features of 218 E 2nd Street # 212-218
| MLS® # | R1598521 |
|---|---|
| Price | $549,900 |
| Bedrooms | 21 |
| Bathrooms | 0.00 |
| Square Footage | 25,404 |
| Square Footage | 10320 |
| Acres | 0.24 |
| Year Built | 1910 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 218 E 2nd Street # 212-218 |
|---|---|
| Area | Jamestown-City |
| Subdivision | A F Allen Brown |
| City | Jamestown |
| County | Chautauqua |
| State | NY |
| Zip Code | 14701 |
Amenities
| Utilities | Sewer Connected, Water Connected, All Utilities |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking | Three or more Spaces, No Driveway, No Garage |
| Garages | Three or more Spaces, No Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Laminate, Varies |
|---|---|
| Appliances | Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Electric, Gas, Baseboard, Space Heater |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Rectangular, Rectangular Lot |
| Roof | Flat, Membrane, Rubber |
| Construction | Brick |
School Information
| District | Jamestown |
|---|---|
| Elementary | Samuel G Love Elementary |
| Middle | Washington Middle |
| High | Jamestown High |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Property Sisters of Chautauqua, Inc. |
|---|---|
| Contact Info | 716-450-4795 |