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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 2,033 sqft
Price per Sqft $63
MLS Listing ID R1667915
Bedrooms 4
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1917
Annual Tax Amount $2,218
Lot Size 8,110 Sqft
Acres 0.1862
Lot Dimensions 78X104
Property Sub-Type Multi Family
Property Description
Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit).
The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments.
Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including:
Metal roof (314) less than 1 year old
Roof (316) approximately 5 years old
There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential.
Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit.
Properties must be sold together (see MLS #R1667935 for additional property).
Location
State NY
County Cattaraugus
Area Olean-City-041200
Rooms
Basement Dirt Floor
Interior
Heating Gas, Forced Air
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Sewer Connected
Water Connected, Public
Structure Type Brick,Stone,Vinyl Siding
Construction Status Existing
Schools
School District Olean
Others
Senior Community No
Tax ID 041200-094-057-0005-015-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115