Listing ID R1352770
Sold For$690,000
SqFt
4,140
Acres
0.086
Status Closed
County Cattaraugus
Year Built 1935
Property Type Commercial Sale
Property Sub Type Other
12.3% CAP RATE ($92,181 income after taxes, vacancy expense 10%, maintenance expense 10%, and insurance $3,000). Ready to go 17 unit portfolio featuring 203-205 N Clinton Street which is a fully remodeled large four-unit with four three-bedroom apartments; 113 S 6th St which is a fully remodeled seven-unit with five one-bedroom apartments, two two-bedroom apartments, and a garage; 521 Second Ave which is a 4 unit with three two-bedrooms and one one-bedroom apartment; and 316 N 5th Street which is a spacious duplex with three bedrooms in each unit. At the time of listing the property is fully occupied with all tenants paying rent. Property includes Tax Map IDs: 94.050-1-31; 94.056-8-21;
94.064-13-40; 94.064-13-41; 94.065-7-8
County
Cattaraugus
Property Sub Type
Other
Property Type
Commercial Sale
Year Built
1935
Directions
Various locations
Elementary School
Washington West Elementary
Elementary School District
Olean
High School
Olean Senior High
High School District
Olean
MLS Area Major
Olean-City-041200
Middle Or Junior School
Olean Middle
Middle Or Junior School District
Olean
Postal City
Olean
Township
Not Applicable
Waterfront
no
Buyer Financing
Conventional
Gross Income
136500
Listing Terms
Cash
Net Operating Income
75439
Operating Expense
44319
Operating Expense Includes
Insurance, Maintenance, Water/Sewer
Owner Pays
Water
Possession
Close Of Escrow
Rent Includes
Water
Special Listing Conditions
Standard
Tax Annual Amount
16742
Tax Assessed Value
349100
Tax Lot
41
Appliances
Appliances Negotiable, Common Water Heater, Electric Water Heater, Gas Water Heater
Basement
yes
Basement Type
Full, Partial
Fireplace
no
Flooring
Carpet, Hardwood, Laminate, Tile, Varies, Vinyl
Heating
yes
Heating Type
Gas, Forced Air, Space Heater
Interior Features
Ceiling Fan(s), Natural Woodwork, Programmable Thermostat
Levels
Two
Living Area
4140
Stories
2
Stories Total
2
Construction Materials
Vinyl Siding, Wood Siding, Copper Plumbing, PEX Plumbing
Electric
Circuit Breakers
Exterior Features
Blacktop Driveway, Concrete Driveway, Gravel Driveway
Lot Features
Residential Lot
Lot Size Area
0.0861
Lot Size Dimensions
37X100
Lot Size Square Feet
3750
Lot Size Units
Acres
Number Of Separate Electric Meters
17
Number Of Separate Gas Meters
17
Number Of Units Total
17
Parking Features
One Space, Driveway, Garage Door Opener, Shared Driveway
Road Frontage Type
City Street
Roof
Asphalt
Sewer
Connected
Utilities
Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water Source
Connected, Public
Human Modified
no
Listing Association
Chautauqua-Cattaraugus
Mls Status
Closed
Permission
IDX
Property Condition
Resale
Property Sub Type Additional
Other
Year Built Details
Existing
Contact - Listing ID R1352770
Syracuse Realty Group
106 South Main Street
North Syracuse, NY 13212
Phone: 3154100373
Fax: 3154100375
bherzig@syracuserealtygroup.com,ozzie@syracuserealtygroup.com
Data services provided by IDX Broker