2724 Nys Rte 16 N, Olean-town, New York 14760, Olean-town, New York 14760
Bedrooms : 1
Square Footage : 5,778 Sqft
Visits : 1 in 3 days
$279,000
Features
Heating System :
Gas, Baseboard, Hot Water
Basement :
No
Appliances :
Microwave, Refrigerator, Free-standing Range, Gas Water Heater, Oven, See Remarks
Community Features :
Other, See Remarks
Parking Features :
One Space, No Garage, Driveway, Shared Driveway
Pool Expense : $0
Roof :
Asphalt, Shingle
Sewer :
Septic Tank
Address Map
State :
NY
County :
Cattaraugus
City :
Olean-town
Zipcode :
14760
Street : 2724 Nys Rte 16 N, Olean-town, New York 14760
Floor Number : 0
Longitude : W79° 35' 7.2''
Latitude : N42° 7' 2.5''
MLS Addon
Office Name : RE/MAX On Point
Association Fee : $0
Bathrooms Total : 0
Building Area : 5,778 Sqft
CableTv Expense : $0
Construction Materials :
Block, Other, Concrete, Pex Plumbing, See Remarks
DOM : 5
Electric :
Circuit Breakers
Electric Expense : $0
Elementary School : Other - See Remarks
Exterior Features :
Blacktop Driveway
Flooring :
Luxury Vinyl
HighSchool : Hinsdale Central
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash
Lot Features :
Corner Lot
LotSize Dimensions : 124X205
Maintenance Expense : $0
MiddleOrJunior School : Other - See Remarks
Parcel Number : 046600-085-019-0001-028-000-0000
Special Listing Conditions :
Standard
Stories Total : 2
Utilities :
Cable Available, High Speed Internet Available
Window Features :
Thermal Windows
AttributionContact : 716-307-3727
Property Description
This is a rare chance to own a 14-unit motel that’s been converted into rental apartments. Situated in a highly desirable location, this property offers investors a stable income stream with significant upside potential. It has a prime Location: Positioned near major highways, shopping centers, and dining options, making it an attractive choice for tenants seeking convenience. A spacious parking lot ensures every tenant has access to off-street parking, a rare and desirable feature. Located in an area with high rental demand and low vacancy rates. Recent updates to the property’s plumbing, electrical, and roofing systems mean minimal maintenance costs. This is not just a property, but a turnkey investment opportunity Professionally Managed with established cash flow. With the option to increase rental rates or even explore short-term rental models like Airbnb, there are multiple paths to enhancing the property’s profitability.
