Skip To Content

113 S 6Th, 521 Second Ave, 316 N 5th St, 203 N Clinton S

Olean-City, NY 14760
  • $750,000
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: R1352770
UPDATED: 33 min ago
$750,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,140
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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

Monthly Payment Calculator

©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-12-01T07:13:54.1.
www.716realtygroup.com/homes/119432931
Print Image

113 S 6Th, 521 Second Ave, 316 N 5th St, 203 N Clinton S Olean-City, NY 14760

  • Price: $750,000
  • Status: Active
  • On Site: 136 Days
  • Updated: 33 min ago
  • MLS #: R1352770
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,140
SQFT
$181
$/SQFT
1935
Built
Neighborhood:
Olean-City-041200
County:
Cattaraugus
Area:
Olean-City-041200
Elementary School:
Washington West Elementary
Middle School:
Olean Middle
High School:
Olean Senior High
School District:
Olean
Property Description
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
Exterior Features

Construction Materials Vinyl SidingWood SidingCopper PlumbingPex Plumbing Exterior Features Blacktop DrivewayConcrete DrivewayGravel Driveway Lot Features Residential Lot Parking Features One SpaceDrivewayGarage Door OpenerShared Driveway Road Frontage Type City Street Roof Asphalt Waterfront YN No

Interior Features

Appliances Appliances NegotiableCommon Water HeaterElectric Water HeaterGas Water Heater Basement FullPartial Fireplace YN No Fireplaces Total 0 Flooring CarpetHardwoodLaminateTileVariesVinyl Heating GasForced AirSpace Heater Heating YN Yes Interior Features Ceiling Fan(S)Natural WoodworkProgrammable Thermostat Levels Two

Property Features

Electric Circuit Breakers Gross Income 136500 Listing Terms Cash Possession Close Of Escrow Property Sub Type Other Rent Includes Water Sewer Connected Special Listing Conditions Standard Tax Annual Amount 16742 Utilities Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater Connected Water Source ConnectedPublic

Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Paul Pezzimenti of Howard Hanna Professionals.
©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-12-01T07:13:54.1.
 
https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_R1352770-2.jpg https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_R1352770-2.jpg https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_R1352770-2.jpg
Logo
716 Realty Group
1 Seneca Street #2979
Buffalo NY, 14203