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316 N 2nd Street, Olean, NY 14760

$139,500
  • 316 N 2nd Street, Olean, NY 14760 Main Photo

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New to the Market Active
BEDS4 BATHS3 full SQUARE FEET2,033 MLS#R1667915
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLOlean

Property Description

8-Unit Investment Opportunity! Strong Cash Flow Potential! 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).

316 N 2nd Street | MLS# R1667915

This multi-family property located at 316 N 2nd Street, Olean, NY 14760 is currently listed for sale with an asking price of $139,500. N 2nd Street is located within the Olean school district. Search Olean real estate on www.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Dirt Floor
Heating: Gas, Forced Air
Lot Size: 0.19 Acres
Stories: 1.0
Taxes: $2,218
Year Built: 1917

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Brick, Stone, Vinyl Siding
Flooring: Carpet, Laminate, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 78X104
Parcel#: 041200-094-057-0005-015-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, 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: EXP-Premier Listings Team
Agency Contact: 716-790-2852

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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Estimated Payment

$ 535.99 per month $310.47 Principal & Interest $184.83 Property Tax $40.69 Homeowner's Insurance

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