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    1615 W State Street

    Olean-City, NY 14760
    • $150,000
    • STATUS: Active
    • ON SITE: 579 days
    • MLS #: R1187676
    UPDATED: 53 min ago
    $150,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,675
      SQFT
    • $10
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1905
    County:

    School Information

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

    Description

    Solid investment opportunity available, this property produces a 12% cap rate at full asking price, making it very investable. All of the units are rented by tenants with three out of five being long term tenants. The building offers ample parking, the roof has been repaired and replaced over the current owner's tenure of ownership and is on the busiest street in Olean. - Rubber Roof - Separately metered except water - Rental income: $2,825 per month - Total Taxes: $7,568 - All Circuit Breakers - AC in the front commercial units

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    ©2020 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 Avant Realty 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 Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-11-24T11:13:55.003.
    www.avantrealty.com/homes/94004645
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    1615 W State Street Olean-City, NY 14760

    • Price: $150,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: R1187676
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    14,675
    SQFT
    $10
    $/SQFT
    1905
    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
    Solid investment opportunity available, this property produces a 12% cap rate at full asking price, making it very investable. All of the units are rented by tenants with three out of five being long term tenants. The building offers ample parking, the roof has been repaired and replaced over the current owner's tenure of ownership and is on the busiest street in Olean. - Rubber Roof - Separately metered except water - Rental income: $2,825 per month - Total Taxes: $7,568 - All Circuit Breakers - AC in the front commercial units
    Exterior Features

    Construction Materials Block Parking Total 20 Roof MembraneRubber Waterfront YN No

    Interior Features

    Fireplace YN No Fireplaces Total 0 Flooring CarpetHardwoodLinoleumVariesVinyl Heating GasForced Air Heating YN Yes Levels Two

    Property Features

    Documents Available AerialDeed Gross Income 26332 Inclusions Land And Building Lease Considered YN No Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 7625 Zoning Com 1 Zoning Description Commercial

    Listing information © 2020 CNYIS, GENRIS, WNYREIS. Listing courtesy of Paul Pezzimenti of Howard Hanna Professionals.
    ©2020 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 Avant Realty 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 Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-11-24T11:13:55.003.
     
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