Courtesy: ERA Team VP Real Estate
716-413-0200
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.
Gerry is located in New York. Gerry, New York has a population of 1,533. Gerry is more family-centric than the surrounding county with 25.94% of the households containing married families with children. The county average for households married with children is 24.43%.
The median household income in Gerry, New York is $60,341. The median household income for the surrounding county is $50,408 compared to the national median of $69,021. The median age of people living in Gerry is 52.9 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 13.7 degrees. The average rainfall is approximately 47.6 inches per year, with 127.2 inches of snow per year.
