Side-by-side single-story duplexes don't come along often. Only a few stairs to enter, no shared floors, no neighbors overhead - just two private units, each with its own entrance and its own driveway. That layout is exactly what tenants stay put for, and it's why this property has held long-term renters year after year. At 2,048 square feet, there's real living space here, not the cramped footprint you find in most small multifamily. Both units are single-story, making them appealing to a wide tenant pool. The investor angle: one unit will be delivered vacant at closing, giving you the chance to reset that rent at market from day one. The remaining tenant is long-term, currently at $550 plus utilities, and open to negotiating a new lease. Tenants pay their own utilities, keeping your operating costs predictable. Recent capital already in place: a portion of the roof was replaced within the last 2-3 years, with the balance approximately 12 years old - meaningful deferred maintenance already handled. Yes, it needs some TLC. That's the opportunity. Cosmetic updates here translate directly into higher rents in a village where quality rentals are genuinely hard to find. Whether you're adding to a portfolio or house-hacking your first property - live in one side, let the other side pay the mortgage - this is the kind of property that rewards a little sweat equity. Sought-after Village of Allegany location. Properties like this rarely hit the open market. Schedule your showing today.
Listing By
Agency Name: Howard Hanna Professionals - Olean
Agency Contact: 716-378-7039
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimated Payment
$ 440.88 per month $200.08 Principal & Interest $214.58 Property Tax $26.22 Homeowner's InsuranceColdwell BankerĀ® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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37 N 3rd Street | MLS# R1708259
This multi-family property located at 37 N 3rd Street, Allegany, NY 14706 is currently listed for sale with an asking price of $89,900. N 3rd Street is located within the Allegany-Limestone school district. Search Allegany real estate on www.coldwellbankerchoice.com today.