54 Main StAndover, NY 14806

This fee-simple, fully renovated duplex in Andover, NY presents a compelling investment opportunity. Boasting a 16.67% capitalization rate and a net operating income exceeding $20,000 annually, this property offers significant returns. The 2,000 square foot building, constructed in 1914 and completely renovated in 2024, features two units currently at 100% occupancy as of September 18, 2024. Each unit contributes to the strong cash flow, facilitated by streamlined online rent collection. Situated on a 3,646 square foot lot at 54 N Main, Andover, NY 14806, the property includes four parking spaces. The asking price is $119,995, translating to $60 per square foot and $59,997.50 per unit. This turnkey investment is ideal for both seasoned and new investors seeking a hands-off, high-yield property with strong potential for long-term appreciation in a prime Allegany County location. The property's recent renovation minimizes maintenance needs, ensuring consistent cash flow and a stable investment.