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… Read More 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. Read Less
Courtesy of 3D Real Estate LLC.
Listing Snapshot
Days Online
362
Last Updated
Property Type
Multi Family
Beds
8
Full Baths
5
Square Ft.
2,950
Lot Size
0.15 Acres
Year Built
1930
MLS Number
B1562789
Additional Details
Appliances & Equipment
GasWaterHeater
Basement
CrawlSpace
Building
2 total stories, Built in 1930, Stories: 2, 2,950 sqft living area, 2950 total building sqft, Fourplex, VinylSiding, Two
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Heather Timm Keen
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
