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Joe Andriatch

joe@evolve716.com +1(716) 465-8063

$145,000

Est. payment - /mo

3 Beds

3 Baths

1,342 SqFt

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,342 sqft

Price per Sqft $108

MLS Listing ID R1691388

Bedrooms 3

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1985

Annual Tax Amount $4,305

Lot Size 4,199 Sqft

Acres 0.0964

Lot Dimensions 40X105

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 units, 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 $419,000 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 Electric, Baseboard

Flooring Hardwood, Varies

Fireplace No

Appliance Electric Water Heater

Exterior

Garage Spaces 1.0

Utilities Available Sewer Connected, Water Connected

Garage Yes

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 1

Sewer Connected

Water Connected, Public

Level or Stories One

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Olean

Others

Senior Community No

Tax ID 041200-094-055-0002-020-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Howard Hanna Professionals - Olean 716-307-9256

Nearby Locations

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Joe Andriatch

+1(716) 465-8063

Broker | License ID: 10311209306

Broker License ID: 10311209306

201 N 18th ST Olean, NY 14760

Joe Andriatch

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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