Investor’s Dream: Two Homes

“Investor’s Dream: Two Homes on Nearly an Acre Bordering Angelica Creek – Endless Potential!”

Long English Description:

Endless potential awaits in the charming Village of Angelica, NY! This rare property offers a unique opportunity to own two separate homes on a spacious 0.97-acre corner lot with scenic frontage along Angelica Creek. Whether you’re an investor, contractor, or visionary homeowner, this is your chance to turn potential into profit.

Situated at the corner of Olean Street and Mechanic Street, both homes are set in a quiet, residential neighborhood just a short walk to Angelica’s quaint village center, making it a prime location for future rental income, a family compound, or resale development.

Property Breakdown:

Home #1 (Olean Street):
This structure has been completely gutted to the studs, providing a blank canvas for a full renovation or custom redesign. Framing, stripped walls, and partially removed flooring offer insight into the home’s structure and allow for efficient remodeling from the ground up.
Home #2 (Mechanic Street):
Spanning over 1,600 square feet, this home includes 3 bedrooms and 1 full bathroom. Though not recently occupied, the house has solid bones and classic character waiting to be revitalized. With the right upgrades, it can serve as a rental, primary residence, or guest home.

Lot Highlights:

Nearly 1 acre of level land
Corner lot with dual street frontage
Direct creek access to Angelica Creek—perfect for nature lovers
Natural gas, public water, and Village electric service available
Existing survey provided for ease of planning
Plenty of space for outdoor enjoyment, parking, or future development

Whether you’re looking to flip, rent, build, or restore, this is a flexible, as-is property with rare upside in a peaceful yet connected setting. Just minutes from local amenities, yet tucked away with natural beauty and small-town charm.

Highlights at a Glance:

Two homes on one large lot
Borders picturesque Angelica Creek
0.97 acres with dual road access
Utilities available: natural gas, public water, electric
Survey included
Walking distance to downtown Angelica
Investment, rental, or multi-generational living potential
Sold as-is — bring your vision and toolbox!

Don’t miss out on this rewarding rehab opportunity in Allegany County. Whether you’re an investor or a homeowner-to-be, Angelica’s next great revival project starts here.