BEDS3
BATHS3 full
SQUARE FEET1,342
MLS#R1691388
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLOlean
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
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Garage: 1
Heating: Electric, Baseboard
Lot Size: 0.10 Acres
Stories: 1.0
Taxes: $4,305
Year Built: 1985
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 2
Exterior: Vinyl Siding
Flooring: Hardwood, Varies
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 40X105
Parcel#: 041200-094-055-0002-020-000-0000
Parking: Two or More Spaces
Parking Notes: Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Olean
Listed By / Shown By
Listing By
Agency Name: Howard Hanna Professionals - Olean
Agency Contact: 716-307-9256
Shown By
Agent Name: Sharon Ciminelli
Agent Phone: (716) 510-7489
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 723.75 per month $322.71 Principal & Interest $358.75 Property Tax $42.29 Homeowner's InsuranceChange Payment Information
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201 N 18th Street | MLS# R1691388
This multi-family property located at 201 N 18th Street, Olean, NY 14760 is currently listed for sale with an asking price of $145,000. N 18th Street is located within the Olean school district. Search Olean real estate on www.sharonciminelli.com today.