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Size: 0.19 Acres
Home: 8 beds - 4 full baths - 5,616 Sq Ft

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MULTI_FAMILY - Other - Olean, NY

Unlock a prime investment opportunity in the heart of the Oak Hill Historic District with this four-unit apartment building located directly across from Olean High School. This property features four spacious two-bedroom units and offers significant upside potential with current rents sitting well below market rates, allowing the next owner to capitalize on immediate value-add opportunities. A standout feature for investors is the fully separate utilities, with individual meters for gas, electricity, and water already in place to minimize owners' expenses. The building has been well-maintained overall, but its older roof presents a clear opportunity for capital improvements that align with potential future rent growth. Tenants will appreciate the convenience of off-street parking and the charm of private outdoor porch areas available with three of the units. The location offers the best ...

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Howard Hanna Professionals - Olean

License #10301214758

Olean, NY

(716) 378-7039

Paul Pezzimenti

Howard Hanna Professionals - Olean
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Is this your property? Sell it faster with premium placement and targeted ads.