Unlock the potential of this exceptional multi-faceted property, offering immediate rental income, a move-in ready primary residence, and substantial land value. The centerpiece is a fully renovated single-family home featuring three bedrooms (with potential for a 4th) and a modernized full bath. Designed for longevity and low maintenance, the house underwent a complete renovation 8 years ago, including new wiring, heating system, roof, siding, windows, and partial foundation work. The first-floor laundry and two main-level bedrooms offer convenient single-level living.
The investment portfolio also includes a 1994 single-wide mobile home (3 bed/1 bath), providing a second stream of rental income. Both dwellings are currently occupied by tenants and equipped with independent water softeners. (Tax ID #20-001-118-02A)
Beyond the homes lies 58.75 acres (Tax ID #20-001-118-01) of expansive land enrolled in the Clean & Green program for tax efficiency. This parcel is not just scenic; it also holds significant tangible value, with an official March 2025 timber estimate of $35,000–$40,000 for the standing timber. Whether you are an investor seeking a diversified asset or an owner-occupant looking for a homestead that pays for itself, this property delivers.
This property is conveniently located 33 minutes from Allegheny National Forest, 43 minutes from Holiday Valley in Ellicottville, about one hour from Cherry Springs State Park Astronomy Observation, and just 20 minutes South of Olean. This location is not as far out as it feels.
1,326 Sq Ft
62.5 Private Acres Lot Size
single family home
US$1,797 Annual Tax
Built in 1930
MLS/Listing ID R1654698
Lot - Rectangular Lot
Lot - Secluded
Lot - Wooded
Main Level
Bedroomon Main Level
Convertible Bedroom
Eat-in Kitchen
Main Level Primary
Pantry
Heating - Forced Air
Heating - Gas
Block
Carpet
Vinyl
Cooling - Ceiling Fans
Metal
Parking - No Garage
Porch
Covered
Stream
River Access
Water Softener Owned
Refrigerator
Gas Range
Gas Oven
Electric Water Heater
Dishwasher
Style - Bungalow
Construction - Vinyl Siding
Construction - Copper Plumbing