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$35,000 / 4br - 1512ft2 - Olean, NY – Full Rehab Investor special, Handyman, as-is tlc fixer up (olean, New York)
213 davis ave, Olean, NY 14760
213 davis ave
4BR / 1.5Ba
1512ft2
available now
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Starting Price $35,000 CASH ONLY
Classic 4-bedroom, 1.5-bath single-family home located in the City of Olean, NY, offering 1,512 square feet of living space on a 0.18-acre lot. Built in 1890, this property is a true full renovation project and is being sold as-is, ideal for investors seeking a value-add opportunity in a stable residential pocket. Garage in picture is not included.
Condition Overview
This property needs a complete rehab, including but not limited to:
Full kitchen replacement
Bathroom renovations
Flooring throughout
Electrical and plumbing updates
Interior paint, trim, and fixtures
Basement cleanup and mechanical updates
Exterior cosmetic improvements
Estimated Repairs: $68,000 (investor-grade renovation)
After Repair Value (ARV)
Based on recent sold comparables within 0.25–0.55 miles, the realistic ARV range is $160,000–$175,000, with strong support around $165,000+ depending on finishes.
Key Sold Comps Supporting ARV
713 Prince St – Sold for $175,501 (1,440 SF, 3 bed / 2 bath, 0.24 mi)
524 King St – Sold for $165,000 (1,510 SF, 4 bed / 1.5 bath, 0.45 mi)
407 N Clark St – Sold for $167,000 (1,404 SF, 3 bed / 2 bath, 0.72 mi)
411 Prospect Ave – Sold for $152,000 (1,632 SF, 4 bed / 2 bath, 0.55 mi)
These comps establish a price-per-square-foot range of approximately $110–$120/SF, aligning well with a renovated subject property
Investment Highlights
Solid ARV supported by multiple nearby renovated sales
Desirable 4-bedroom layout
Manageable lot size with residential appeal
Strong flip or long-term rental potential
Clear value-add opportunity with defined rehab scope
Summary Numbers (Approximate)
ARV: ~$165,000
Estimated Repairs: $68,000
Strategy: Fix & Flip or Buy-and-Hold
This is an ASSIGNMENT of equitable interest
Contact for google drive link for pictures and video
William Smith
Fair Deal Home Buyer LLC
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