109 W Green Street Olean-City NY 14760 MLS #R1279759

New updates have been done to the exterior of this investment property. This 6 unit apartment building in South Olean has a great history of income production. Centrally located, this property is easy to rent and provides a good value. The property is in need of some repair, but still is producing income steadily. Utilities are water:$200 gas:$225, electric:$275 all paid by landlord. Gross rent is $3,400 per month, taxes are $350 per month. Net rent of about $1,700 per month (including operating and vacancy expense). Cap rate of 20.4% with 10% vacancy and 8.5% operating expenses