$90,000
$89,900
0.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,988 SqFt
SOLD DATE : 06/06/2025
Key Details
Sold Price $90,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,988 sqft
Price per Sqft $45
MLS Listing ID R1589648
Sold Date 06/06/25
Style Duplex
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $3,243
Lot Size 3,571 Sqft
Acres 0.082
Lot Dimensions 42X85
Property Sub-Type Duplex
Property Description
Turnkey investment opportunity in the City of Olean. This upper/lower duplex is fully rented and ready for new ownership. The lower unit is currently leased at $750 per month to a local company that covers all utilities for the tenant. The lease includes a 60-day eviction clause, offering flexibility for future use.
This property has been well maintained, with one side of the roof replaced just a year ago and the other side seven years ago. Both units have separate utilities and heating systems, making it an easy and efficient investment to manage.
The property has a spacious front porch, in unit laundry, appliances, and well kept front and back entrances for each unit.
An additional lot at 1013 Washington will transfer with the sale, providing extra yard space or potential for another driveway. Whether you're expanding your rental portfolio or looking for an owner-occupant opportunity with rental income, this duplex is a solid investment.
Schedule your showing today.
Location
State NY
County Cattaraugus
Area Olean-City-041200
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s)
Heating Electric, Gas, Baseboard, Hot Water, Steam
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Deck
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Porch Deck
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Vinyl Siding,Copper Plumbing
Construction Status Existing
Schools
Elementary Schools Washington West Elementary
Middle Schools Olean Middle
High Schools Olean Senior High
School District Olean
Others
Senior Community No
Tax ID 041200-094-064-0007-001-000-0000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with RE/MAX On Point