328 Olmstead Avenue, Lancaster, NY 14043

Agent
Erik Arneth
Keller Williams Realty WNY
Property front view
483 days on Offerwell7 viewsSold

ASKING PRICE

$435,000

OFFER DEADLINE

No offer deadline set

5650

Sq Ft

MultiFamily

Property type

9

Beds

3 full

Baths

Description

Fully occupied 3-unit residential building featuring an attached 3-car multi-bay garage, with two bays currently rented for $100 each per month. Additionally, there's a 1000 sqft outbuilding equipped with 100Amp electric service and a heating unit, presently rented for $795/month. The property includes two 3-bedroom, one-bathroom units in the front (upper and lower), and a two-story 3-bedroom, one-bathroom townhouse in the rear. The total monthly income is $5,045, with all tenants on a month-to-month lease. The sale also encompasses an adjacent vacant lot to the west, totaling 0.57 acres. The 3-unit building has a 3 year roof, and the outbuilding and sheds roofs were replaced last year. Each unit has separate gas and electric meters, with the owner only responsible for water expenses. This is an excellent investment opportunity with consistent income and significant potential for growth.

IDX
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