Investor’s Dream: Two Homes on Nearly an Acre Bordering Angelica Creek – Endless Potential!
Discover a rare investment opportunity in the charming Village of Angelica, New York! This unique property features two separate homes on a nearly one-acre corner lot with scenic frontage along Angelica Creek, offering endless possibilities for investors, contractors, or visionary homeowners. Whether your goal is rental income, a family compound, or a full renovation project, this property provides the perfect canvas to create value and unlock potential.
Prime Location in Angelica, NY
Located at the corner of Olean Street and Mechanic Street, both homes enjoy a quiet residential setting while remaining just a short walk from the village center. With proximity to local shops, dining, and community amenities, this property combines small-town charm with accessibility, making it a strong candidate for long-term investment or personal use.
Property Details
Home #1 (Olean Street):
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Fully gutted to the studs, offering a blank canvas for a full renovation
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Exposed framing, stripped walls, and partially removed flooring allow for efficient remodeling
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Ideal for a contractor, investor, or homeowner ready to design a custom space
Home #2 (Mechanic Street):
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Over 1,600 square feet of living space with 3 bedrooms and 1 full bathroom
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Solid structural bones with classic character
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Perfect for rental income, a guest house, or a primary residence after renovations
Lot Highlights
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Nearly 1 acre of level land with plenty of room for outdoor enjoyment or expansion
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Corner lot with dual street frontage provides easy access and excellent visibility
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Borders Angelica Creek, offering serene water views and opportunities for outdoor recreation
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Utilities available: natural gas, public water, and village electric
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Existing survey included to simplify planning for renovations or future development
Endless Possibilities
This property is highly versatile:
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Investor Opportunity: Flip, rent, or renovate both homes for maximum ROI
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Family Compound: Perfect for multi-generational living with two separate residences on one lot
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Custom Renovation: Restore the gutted home and revitalize the second house for long-term use
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Outdoor Living: Creekside frontage and nearly an acre of land allow for gardens, decks, or recreational space
Key Features at a Glance
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Two homes on a single 0.97-acre lot
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Borders picturesque Angelica Creek
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Dual street access on a corner lot
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Utilities ready: natural gas, public water, and electric
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Walking distance to downtown Angelica
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Flexible for investment, rental, or multi-generational living
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Sold as-is, perfect for buyers with vision and a plan
This property presents a rare opportunity in Allegany County to own multiple homes with creek frontage, nearly an acre of land, and dual street access. Whether you’re an investor looking for a high-potential rehab project or a homeowner seeking a multi-use property, this Angelica listing is ready to bring your vision to life.
📞 For more information or to schedule a private tour, contact the listing agent through the Zillow link provided below the photos. Don’t miss your chance to transform this property into your next great investment or dream retreat!
From Zillow
