Active
314 North 2nd Street, Olean NY 14760
MLS# R1667935
$139,500
Price
5
Beds
-
Baths
5,700
Living Area (Sq.Ft.)
0.239
Lot Area (Acres)
$139,500
Price
5
Beds
-
Baths
5,700
Living Area (Sq.Ft.)
0.239
Lot Area (Acres)
8-Unit Investment Opportunity! Strong Cash Flow Potential! <br> <br>Rare opportunity to purchase two multi-family properties totaling 8 units, to be sold together for $279,000 (approximately $35,000 per unit). <br> <br>The properties offer immediate income potential with room for growth. Current rents are below market, providing an opportunity for increased returns with future adjustments. <br> <br>Many units feature separate layouts, offering flexibility for tenants. The properties have seen numerous updates, including: <br> <br>Metal roof (314) less than 1 year old <br> <br>Roof (316) approximately 5 years old <br> <br>There are currently two vacant, renovated units ready for occupancy, allowing for immediate lease-up or owner-occupant potential. <br> <br>Ideal opportunity for investors looking to expand their portfolio or for buyers seeking to offset living expenses by occupying one unit. <br> <br>Properties must be sold together (see MLS #R1667915 for additional property).
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1900
Parcel Number
041200-094-057-0005-016-000-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Lot Size Dimensions
100X104
Stories
2
Community Features
None
Property Condition
Resale
Elementary School District
Olean
Middle Or Junior School District
Olean
High School District
Olean
Location
Listing Agent
Deon Gayton
Listing Office
EXP-Premier Listings Team
Owner Name
--
Owner Phone
--
Possession
Closing
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-03-19
Owner Pays
Water
Rent Includes
Water
Fire Places Total
0
Flooring
Carpet, Laminate, Varies, Vinyl
Heating
true
Heating Features
Electric, Gas, Baseboard, Forced Air
Appliances
Gas Water Heater
Garage
false
Garage Spaces
0
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Metal
Utilities
Sewer Connected, Water Connected
Parking Features
Three Or More Spaces, No Garage
Basement
Dirt Floor
Construction Materials
Vinyl Siding
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.