201 N 18th 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 1,342 sqft
Price per Sqft $427
MLS Listing ID R1591964
Bedrooms 3
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1985
Annual Tax Amount $4,013
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 seven 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 $474,000, 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