UPDATED:
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
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
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Grant Pettrone
Licensed Real Estate Broker, Founder | License ID: 10491209675
Licensed Real Estate Broker, Founder License ID: 10491209675