206 S 13th ST Active Save Request In-Person Tour Request Virtual Tour
Olean,NY 14760
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $28
MLS Listing ID R1591971
Bedrooms 3
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,407
Lot Size 8,319 Sqft
Acres 0.191
Lot Dimensions 64X130
Property Sub-Type Multi Family
Property Description
Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes five properties consisting of a mix of multi-family and single-family homes, totaling 11 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers seeking a solid, diversified entry into the market.
Included in this portfolio are 201 N 18th St (3-unit), 206 S 13th St (2-unit), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), and 217 King St (2-unit). These properties are located in strong rental demand areas, ensuring a steady stream of income. With a combination of multi-family and single-family units, this portfolio offers a diverse investment strategy, reducing risk while maximizing potential returns.
Priced at $440,000, this investment presents a great cap rate opportunity with room for increased cash flow through strategic management. The Olean rental market remains strong and stable, making this an attractive long-term investment. Don't miss out on this turnkey portfolio
Location
State NY
County Cattaraugus
Area Olean-City-041200
Rooms
Basement Full
Interior
Heating Gas,Forced Air
Flooring Hardwood,Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected,Water Connected
Building
Lot Description Rectangular,Rectangular Lot,Residential Lot
Story 2
Sewer Connected
Water Connected,Public
Level or Stories Two
Structure Type Composite Siding
Construction Status Existing
Schools
School District Olean
Others
Senior Community No
Tax ID 041200-094-072-0001-061-000-0000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard