633-635 S Union Street Olean-City NY 14760 | B1328639

633-635 S Union Street
Olean-City, NY, 14760
$129,000
Beds
0 Baths
4,000 SqFt
0.31 Acres
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!

Property Details

Price:
$129,000
MLS #:
B1328639
Status:
Closed ((Jan 10, 2022))
Baths:
0
Address:
633-635 S Union Street
Type:
Commercial
City:
Olean-City
Listed Date:
Apr 12, 2021
State:
NY
Finished Sq Ft:
4,000
ZIP:
14760
Lot Size:
0 acres
Year Built:
1910
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633-635 S Union Street
Olean-City, NY

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Schools

School District:
Olean

Interior

Appliances
Dryer, Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Washer
Flooring
Carpet, Ceramic Tile, Hardwood, Laminate, Varies
Heating
Electric, Gas, Baseboard, Forced Air
Laundry Features
Coin-operated

Exterior

Community Features
Laundry Facilities
Construction Materials
Vinyl Siding, Wood Siding
Exterior Features
Blacktop Driveway
Parking Features
Three or more Spaces, No Garage
Roof
Asphalt, Flat

Financial

Map

Community

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