2900 Gerry Ellington Road, Gerry

$ 390,000
2900 Gerry Ellington Road,

Overview

  • Updated On:
  • February 13, 2026
  • 5,940.00 ft2 Interior
  • 6 Bedrooms
  • 0 Bathrooms
  • 0.60 ac Acres

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.

Property Location

Street: 2900 Gerry Ellington Road
Tax Area: Gerry
County:
Postal City:
State: NY
Zip: 14740
School District: Cassadaga Valley
HOA Y/N: No

Property Details

Property Id: 208578
Price: $ 390,000
Property Size: 5,940.00 ft2
Property Lot Size: 0.60 ac
Bedrooms: 6
Basement: Partial
Building Sq Ft Total: 5940
Community Features: LaundryFacilities
Elementary School District: Cassadaga Valley
Flooring: Carpet, CeramicTile, Laminate, Varies
Gross Income: 60000
Heating: Gas, Baseboard, HotWater
High School District: Cassadaga Valley
Laundry Features: CoinOperated
Levels: Two
List Office Name: ERA Team VP Real Estate
List Office Phone: 716-413-0200
Listing Id: R1648651
Lot Features: Rectangular, RectangularLot, ResidentialLot
Lot Acres: 0.6
Lot Dimensions: 99X264
Middle School District: Cassadaga Valley
Status: Active
Net Operating Income: 31832
Operating Expense: 20000
Operating Expense Includes: Electric, Fuel, Insurance, Rent, SnowRemoval, Trash, Utilities, WaterSewer
Photos: 5
Possession: CloseOfEscrow
Postal City: Gerry
Rent Includes: AllUtilities
Road Frontage: CityStreet
Roof: Flat, Membrane, Rubber
StateOrProvince: NY
Stories: 2
Street Name: Gerry Ellington
Street Number: 2900
Street Number Numeric: 2900
Street Suffix: Road
Total Taxes: 8168
Assessed Value: 137500
Town: Not Applicable
Water Source: Well
Year Built: 1960
YearBuiltDetails: Existing

Amenities and Features

Other Features
Basement Y/N 1
BlacktopDriveway
Dryer
Fireplace Y/N
Garage Y/N
GasOven
GasRange
GasWaterHeater
Has Heating System
Refrigerator
Washer
Courtesy Of : ERA Team VP Real Estate
716-413-0200

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Edelweiss Properties Realtors, LLC are marked with the IDX logo and include the Listing Brokerage’s Name and Phone Number.

All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the Listing Brokerage nor Edelweiss Properties Realtors, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All rights reserved.

Map

Payment Calculator

$ 1,999.61
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,512.11

Page Views Statistics

Schedule a tour

Mon 16 Feb
Tue 17 Feb
Wed 18 Feb
Thu 19 Feb
Fri 20 Feb
Sat 21 Feb
Sun 22 Feb
Mon 23 Feb
Tue 24 Feb
Wed 25 Feb
In Person
Video Chat
Your information

Contact Me

Schedule a showing?

Property Reviews

No reviews found.
You need to login in order to post a review

Similar Listings

14
Land
Active
$ 19,900

4630 Damon Hill Road, Gerry

Creekfront Opportunity on Damon Hill Road in Sinclairville Here’s a chance to claim a peac ...
Baths:
0

Compare Listings

The team at Edelweiss Properties