$131,000
$146,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
3,782 SqFt
SOLD DATE : 11/02/2022
Key Details
Sold Price $131,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,782 sqft
Price per Sqft $34
MLS Listing ID R1387207
Sold Date 11/02/22
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,435
Lot Size 6,398 Sqft
Acres 0.1469
Lot Dimensions 50X128
Property Sub-Type Other
Property Description
This 5-unit rental property is ready to go with a 15% cap rate (see the last picture). With several updates including a new furnace, some new drywall, and has a brand new roof (Jan 2022). There is one parking space for tenants on the property. There are refrigerators and oven/ranges for each of the units and 2 sets of washers and dryers that the landlord owns. Three of the units are heated with electric baseboard (all but one paid by tenants), and the others are with furnaces with one of the furances being brand new. The studio apartment water and electric is paid by the landlord. Water is $80-120 per month and electric for the studio is about $30.
Location
State NY
County Cattaraugus
Area Olean-City-041200
Direction From West State Street, turn onto N 6th St, the property is on the left.
Rooms
Basement None
Interior
Interior Features Programmable Thermostat
Heating Electric, Gas, Baseboard, Forced Air
Flooring Laminate, Varies
Fireplace No
Appliance Dryer, Electric Oven, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator, See Remarks, Washer
Exterior
Exterior Feature Concrete Driveway
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
Elementary Schools Washington West Elementary
Middle Schools Olean Middle
High Schools Olean Senior High
School District Olean
Others
Senior Community No
Tax ID 041200-094-056-0007-012-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Chautauqua-Cattaraugus Board MLS