OHU50K NOTES. $50,000 Sold

An affordable home offering three units. The old Italianate is in walking distance to the lovely, historic town of Belmont (pop. 969).

House view featured at 5 Willets Ave, Belmont, NY 14813

Rarely available affordable home in the quaint Village of Belmont in the heart of Allegany County with loads of original ornate architectural details. Owner-occupants…live for free while 2 units pay for the mortgage. Airbnb investors…Close proximity to the expressway, state forests/campgrounds, walking distance, on sidewalk-lined streets to the Genesee River Dam fishing spot(s), Library, Belmont Circle Park, 10 minutes to Angelica & 19 minutes to Alfred State College & Alfred University, & 20 minutes to Houghton College. Perfect for an in-law setup, or to add another cash cow to your portfolio. Double-digit cap rate (20%+) with over $23, 000 gross revenue. Separate utilities, low maintenance yard, off-street parking, 2 porches, recent upgrades include tear-off roof (’17/’19), high-efficiency hot water tanks (’15), new Pex plumbing throughout, kitchen appliances in each unit, NEW (’21) covered front porch, covered back porch. The spacious and semi-private backyard is a bonus.

-Per Realtor