Courtesy: Howard Hanna Professionals - Olean
716-372-1155
GREAT INVESTMENT OPPORTUNITY!! Located on a quiet dead-end street, this well-maintained 8-unit apartment complex offers strong income potential in a peaceful residential setting. The property includes four duplex buildings, each featuring a matching layout with 2 bedrooms and 1 full bath per unit. Units 1–6 each have an attached garage, while Units 7 and 8 share a detached two-bay garage. All four buildings have been updated with new metal roofs and new water meters from the town. Water and sewer are included in the rent. Recent updates include new gravel in the driveways and turnaround area. Interior improvements feature Unit 3 with new flooring, doors, paneling, kitchen tile backsplash, shower, vanity, toilet, bedroom ceilings, and trim; Unit 5, 6, and 7 with new flooring; Unit 7 also includes a new laundry room; and Unit 8 with a new toilet and other updates. Currently, 7 of the 8 units are occupied, generating a total monthly income of $4,450, with room to increase returns when fully rented. A solid, low-maintenance property ideal for investors seeking stable cash flow and long-term value.
Portville is located in New York. Portville, New York has a population of 3,532. Portville is more family-centric than the surrounding county with 32.33% of the households containing married families with children. The county average for households married with children is 27%.
The median household income in Portville, New York is $61,319. The median household income for the surrounding county is $53,537 compared to the national median of $69,021. The median age of people living in Portville is 45.1 years.
The average high temperature in July is 79.3 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 41.8 inches per year, with 75.9 inches of snow per year.
