Remarks

A promising investment opportunity indeed! The fact that all units are currently occupied with long-term tenants is a great sign of stability and potential steady income. The mix of commercial and residential units offers diversification, and the location in downtown Olean with high foot traffic adds to its attractiveness. The updated utilities and renovations should help minimize maintenance costs and attract tenants in the future. The presence of a full basement for storage is another asset, as it adds value to the property. Moreover, being part of the Downtown Revitalization Initiative could bring additional benefits such as grants or incentives for further improvements or development projects in the area, potentially increasing the property's value over time. This is a promising investment opportunity with multiple avenues for growth and stability.

Details

MLS#: R1541244
Price: $169,900

Sq Ft: 8008
Year Built: 1900

County: Cattaraugus
Lot Size: 26X173
Tax Fee: 2758

School Elementary: East View Elementary
School Middle: Olean Middle
School High: Olean Senior High
School District: Olean