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Joe Andriatch

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

$349,900

Est. payment - /mo

1 Bed

4,800 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $72

MLS Listing ID B1719487

Bedrooms 1

Construction Status Existing

HOA Y/N No

Year Built 1970

Annual Tax Amount $11,177

Lot Size 3.730 Acres

Acres 3.73

Property Sub-Type Other

Property Description

Positioned on 3.73 acres, 2840–2850 McDuffy Road presents a compelling opportunity to acquire a fully rented, professionally managed residential investment featuring an apartment complex and a single-family home. Generating more than $7,500 in monthly rental revenue, this turnkey operation reflects the owners' substantial efforts to improve the property and establish a reputable apartment community. Management by On Point Property Management provides established operational support, while numerous capital improvements strengthen the property's appeal. Updates include various remodeled studio units, all-new appliances in the studio units, a newer hot water system, a Health Department-approved water treatment system, and landlord-controlled thermostats. The single-family home and garage feature new roofs, and the apartment building's roof is less than 10 years old. Common coin-operated laundry adds convenience for residents and an additional potential revenue source for ownership. With full occupancy, established rental income, and meaningful improvements already completed, this offering deserves serious consideration from investors seeking to expand their residential portfolio. Financial records are available upon request for review of income, expenses, and operating performance. The single-family home and apartment complex must be purchased together, providing one cohesive investment opportunity with established management and income in place. Current rents are as follows: Unit #1: $800/month. Unit #2: $700/month. Unit #3: $850/month. Unit #4: $700/month. Unit #5: $700/month. Unit #6: $800/month. Unit #7: $700/month. Unit #8: $600/month. Unit #9: $700/month. Single Family Home (2840 McDuffy Road): $1,000/month plus utilities. Taxes and assessed value include both properties.

Location

State NY

County Cattaraugus

Area Olean- Town-046600

Direction Google Maps: 2850 McDuffy (Macduffy) Road, Olean, NY 14760

Rooms

Basement None

Interior

Heating Gas, Baseboard, Forced Air, Hot Water

Flooring Carpet, Laminate, Varies, Vinyl

Fireplace No

Appliance Electric Oven, Electric Range, Gas Water Heater, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Gravel Driveway

Community Features None

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available

Roof Type Metal

Garage No

Building

Lot Description Rectangular, Rectangular Lot

Story 1

Sewer Septic Tank

Water Well

Level or Stories One

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Olean

Others

Senior Community No

Tax ID 046600-103-003-0002-067-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by RE/MAX On Point 716-244-8924

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Joe Andriatch

+1(716) 465-8063

Broker License ID: 10311209306

2840-2850 McDuffy RD Olean, NY 14760

Joe Andriatch

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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