This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.
Property Details
Price:
$189,000
MLS #:
B1562789
Status:
Active
Beds:
8
Baths:
5
Address:
204 N Barry St
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
Olean-City-041200
City:
Olean-City
Listed Date:
Sep 3, 2024
State:
NY
Finished Sq Ft:
2,950
Total Sq Ft:
2,950
ZIP:
14760
Year Built:
1930
Units:
4
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Schools
School District:
Olean
Interior
Appliances
Gas Water Heater
Bathrooms
5 Full Bathrooms
Cooling
Zoned
Flooring
Carpet, Varies, Vinyl
Heating
Gas, Zoned
Exterior
Architectural Style
Fourplex
Construction Materials
Vinyl Siding
Parking Features
Parking Available
Financial
Taxes
$3,249
Map
Community
- Address204 N Barry St Olean-City NY
- CityOlean-City
- CountyCattaraugus
- Zip Code14760
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- 604 Irving Street
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0.59 miles away
Listing courtesy of 3D Real Estate LLC,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-09-21.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-09-21.
204 N Barry St
Olean-City, NY
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