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217 King Street, Olean, NY 14760

For Sale

$574,000

5 beds • 2 baths • 2,196 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $261.38
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Seize this incredible opportunity to acquire a well-maintained, income-generating real estate portfolio in Olean, NY. This package includes seven properties consisting of a mix of multi-family and single-family homes, totaling 13 rental units. With a strong rental history and consistent cash flow, this portfolio is perfect for both seasoned investors looking to expand their holdings and newcomers seeking a solid, diversified entry into the market. Included in this portfolio are 201 N 18th St (3-unit), 206 S 13th St (2-unit), 305 S 8th St (single-family), 753-755 Garden Ave (2-unit), 125 N 3rd St (2-unit), 217 King St (2-unit), and 116 S 9th St (single-family). These properties are located in strong rental demand areas, ensuring a steady stream of income. With a combination of multi-family and single-family units, this portfolio offers a diverse investment strategy, reducing risk while maximizing potential returns. Priced at $599,000, this investment presents a great cap rate opportunity with room for increased cash flow through strategic management. The Olean rental market remains strong and stable, making this an attractive long-term investment. Don t miss out on this turnkey portfolio
MLS# R1592435

Courtesy Of Howard Hanna Holt Real Estate

(716) 372-1155

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Hardwood
  • Heating System
    Forced Air
  • Lot Size
    0.19 Acres

Map and Directions

Directions to 217 King Street, Olean, NY 14760

Home seller CENTURY 21 Turner Brokers

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Turner Brokers

(716) 763-7506
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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