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    633-635 S Union Street

    Olean-City, NY 14760
    • $129,000
    • STATUS: Active
    • ON SITE: 165 days
    • MLS #: B1328639
    Price Reduced
    $129,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $32
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    This 7 unit apartment building is a great investment property. Currently bringing in $47,700 a year. Plus another $900. for the coin operated laundry. The seller just purchased this building in November, but had an opportunity to purchase something else and decided to put his efforts into that and sell this.There are 2 long term tenants there-3.5 years, paying $575 & $500, and 4 more have been there over a year, 1 just for 1 month. All rents are paid on time, one being several payments in a month. Most are in 1 year leases.Each unit pays their own Electric. The seller has 1 gas payment of $200/month for the HWT, and also pays $300 for water. Apt 1 has all utilities included, as theirs is connected to the sellers utilities ($675/month). This building has recently had a flat roof put on approximately 4 years ago. It does need normal cosmetic repair/replacing, typical in most apartment buildings. There is room to raise rents a bit and bring a better cashflow in. There's a large parking lot, for approximately 10 cars. Put some money into this one and watch it return to you!

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    ©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 The CJ Lore Team | Lore Real Estate Services 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 The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-09-25T00:13:56.117.
    www.getmorewithlore.com/homes/116023675
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    633-635 S Union Street Olean-City, NY 14760

    • Price: $129,000
    • Status: Active
    • MLS #: B1328639
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    4,000
    SQFT
    $32
    $/SQFT
    1910
    Built
    Neighborhood:
    Olean-City-041200
    County:
    Cattaraugus
    Area:
    Olean-City-041200
    School District:
    Olean
    Property Description
    This 7 unit apartment building is a great investment property. Currently bringing in $47,700 a year. Plus another $900. for the coin operated laundry. The seller just purchased this building in November, but had an opportunity to purchase something else and decided to put his efforts into that and sell this.There are 2 long term tenants there-3.5 years, paying $575 & $500, and 4 more have been there over a year, 1 just for 1 month. All rents are paid on time, one being several payments in a month. Most are in 1 year leases.Each unit pays their own Electric. The seller has 1 gas payment of $200/month for the HWT, and also pays $300 for water. Apt 1 has all utilities included, as theirs is connected to the sellers utilities ($675/month). This building has recently had a flat roof put on approximately 4 years ago. It does need normal cosmetic repair/replacing, typical in most apartment buildings. There is room to raise rents a bit and bring a better cashflow in. There's a large parking lot, for approximately 10 cars. Put some money into this one and watch it return to you!
    Exterior Features

    Construction Materials Vinyl SidingWood Siding Exterior Features Blacktop Driveway Parking Features Three Or More Spaces Roof AsphaltFlat Waterfront YN No

    Interior Features

    Appliances DryerElectric OvenElectric RangeGas Water HeaterRefrigeratorWasher Basement None Fireplace YN No Fireplaces Total 0 Flooring CarpetCeramic TileHardwoodLaminateVaries Heating ElectricGasBaseboardForced Air Heating YN Yes Laundry Features Coin-Operated Levels One

    Property Features

    Community Features Laundry Facilities Listing Terms Cash Possession Close Of Escrow Property Sub Type Commercial Rent Includes Snow RemovalWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 4639 Utilities Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater Connected Water Source ConnectedPublic

    Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Claudia Attard-Keary of Chamberlain Home Realty.
    ©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 The CJ Lore Team | Lore Real Estate Services 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 The CJ Lore Team | Lore Real Estate Services are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-09-25T00:13:56.117.
     
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    Rochester NY, 14604