707 W Sullivan Street, Olean, NY 14760

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Property Description

INVESTORS, TAKE NOTICE! Here's your opportunity to own a 4-unit income-producing property with immediate rental income and excellent potential for increased cash flow! Three of the four apartments are currently occupied by responsible tenants, including one 2-bedroom and two 1-bedroom units. Since purchasing the property in 2018, the owner has made interior updates to each of these apartments, making this an attractive addition to your investment portfolio! The fourth unit, a spacious 2-bedroom apartment, has been completely gutted to the studs and is ready for its transformation! Even better, the majority of the materials needed to complete the renovation are already included, such as flooring, cabinets, bathroom and kitchen fixtures and appliances, lighting, and more! The seller had plans to finish the project but has since relocated, leaving the next owner an excellent opportunity to build equity and add another income stream without starting from scratch. With room for rental increases and the potential to generate income from all four units, there's plenty of upside for a savvy investor! The property also offers a large backyard with space for tenant parking and outdoor enjoyment. Whether you're looking to expand your rental portfolio or invest in a property with value-add potential, this one deserves a closer look! Please allow a minimum of 48 hours' notice for all showings to respect the privacy of the current tenants.

707 W Sullivan Street | MLS# R1728601

This multi-family property located at 707 W Sullivan Street, Olean, NY 14760 is currently listed for sale with an asking price of $175,000. W Sullivan Street is located within the Olean school district. Search Olean real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.17 Acres
Stories: 2.0
Taxes: $2,835
Year Built: 1890

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 2
Exterior: Vinyl Siding
Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 60X125
Parcel#: 041200-094-064-0004-003-000-0000
Parking: Two or More Spaces, Unpaved
Parking Notes: Two or More Spaces, Unpaved
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Olean

Estimate Your Payment

Estimated Payment

$ 676.77 per month $389.47 Principal & Interest $236.25 Property Tax $51.04 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: EXP-Premier Listings Team
Agency Contact: 716-307-8894

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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