Description

Package sale! 125 S Barry, 321 N 1st street & 111 N Clinton. 3 buildings with 27 rooms for rent and 3 studio apartments for a total of 30 units. Strong rental history with great ROI. Currently being run by a property manager that would be willing to stay on for new ownership if wanted. Current rent roll of over 11k per month when fully occupied. Priced at a 15 cap! Financials are available upon request.
MLS #:R1375452

Details

Updated on October 29, 2021 at 12:00 am
  • Property ID: R1375452
  • Price: $349,900
  • Property Size: 2998
  • Acres: 0.121
  • Year Built: 1900
  • Property Type: Multi-Family
  • Property Status: For Sale

Additional details

  • Type: Rooming House
  • Sq Ft Total: 2998
  • Numof Acres: 0.1212
  • List Price: 349900.00
  • Mls Number: R1375452
  • Street Number: 111
  • Postal City: Olean
  • City: Olean-City
  • Village: Not Applicable
  • State Or Province: NY - New York
  • Postal Code: 14760
  • County Or Parish: Cattaraugus
  • School District Name: Olean
  • Status: A-Active
  • Typeof Sale: Normal
  • Basement Description: Full, Partial
  • Nearest Cross Street: N Union
  • Latitude: 42.078235
  • Longitude: -78.427118
  • Rent Includes: All Utilities, Apartments Furnished, Cable TV, Grounds Maintenance, Heat, Hot Water
  • Possible Financing: Cash, Commercial Loan, Conventional
  • Incomeexpense Information: May Show Books
  • Ratio List Price By Acres: 2886963.70
  • Ratio List Price By Sqft: 116.71
  • School Tax: 4517
  • Town County Tax: 3670
  • Total Taxes: 8187
  • Total Numof Apartments: 30
  • Numof 1 Bedroom Apartment: 3
  • Numof Studio Apartments: 27
  • Operating Expenses Include: Exterior Maintenance, Gas/Oil, Property Management, Utilities, Water / Sewer
  • Numof Stories: 2.0000
  • Roof Description: Asphalt
  • Exterior Construction: Wood
  • Year Built: 1900
  • Driveway Description: Blacktop
  • Lot Dimensions Depth: 116
  • Lot Dimensions Frontage: 45
  • Lot Information: Near Bus Line, Neighborhood Street
  • Numof Heating Units: 12
  • Sewer Description: Sewer Connected
  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
  • Property Type: Multi-Family
  • Amenities Included: Other - See Remarks
  • Floor Description: Hardwood-Some, Tile-Some, Vinyl-Some
  • Kitchen Equip Appl Included: Other - See Remarks
  • Directionsto Property: 321 N 1st, 111 N Clinton, 125 S Barry Olean NY
  • Address 111 North Clinton Street
  • City Olean
  • Zip/Postal Code 14760
  • Country United States

Overview

Property ID: R1375452
  • Multi-Family
  • Property Type
  • 2998
  • 0.121
  • Lot
  • 1900
  • Year Built

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Contact Information

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Michael McVinney

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Michael McVinney
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