This 5-unit rental property is ready to go with a 17.35% cap rate (see the last picture). With several updates including a new furnace, some new drywall, and has a brand new roof (Jan 2022). There is one parking space for tenants on the property. There are refrigerators and oven/ranges for each of the units and 2 sets of washers and dryers that the landlord owns. Three of the units are heated with electric baseboard (all but one paid by tenants), and the others are with furnaces with one of the furances being brand new. The studio apartment water and electric is paid by the landlord. Water is $80-120 per month and electric for the studio is about $30.

Overview

  • Year Built1910
  • RoofingAsphalt
  • HeatingElectric, Gas, Baseboard, ForcedAir
  • WaterConnected, Public
  • Sewer/SepticConnected

Features

  • ExteriorConcreteDriveway
  • InteriorProgrammableThermostat
  • Security
  • Floor CoveringsLaminate, Varies

Schools

  • ElementaryWashington West Elementary
  • MiddleOlean Middle
  • HighOlean Senior High
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