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).
Listing By
Agency Name: EXP-Premier Listings Team
Agency Contact: 716-790-2852
Shown By
Agent Name: Jim Knight
Agent Phone: (716) 998-0199
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 535.99 per month $310.47 Principal & Interest $184.83 Property Tax $40.69 Homeowner's Insurance
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 jknight.mjpeterson.com today.