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Howard Hanna Professionals

Olean Office:
410 Wayne Street
Olean, NY 14760
Phone: (716) 372-1155
Fax: (716) 372-7057

Bradford Office:
30 Bolivar Drive
Bradford, PA 16701
Phone: (814) 362-7450
Fax: (814) 362-7451
Bradford Area Website

Smethport Office
104 Forest Ave
Smethport, PA 16749
Phone: (814) 887-7772
Fax: (814) 887-5560

Kane Office
30 Fraley Street
Kane, PA 16735
Phone: (814) 837-8540
Fax: (814) 837-8455

Email: dennispezzimenti@howardhanna.com

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Listing 2 out of 85
$174,900 For Sale

1615 W State Street
Olean-City, NY 14760

Multi Family Home
13068 sq ft lot - MLS# R1187676
Property Photo
1/17

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. Call for a showing today

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment
  • Listing Status: Active
  • County/Area: Cattaraugus County
  • Zip Code: 14760
  • Year Built: 1905
  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High
  • Sq.Ft.: 14,675 sq ft
  • Stories: 2-Story
  • Total Rooms: 9
  • # of Parking Spaces: 20
  • Lot Size: 13068 sq ft lot
  • Zoning: COM 1
  • Building Area Total: 14675
  • Construction Materials: Block
  • Flooring: Carpet, Hardwood, Vinyl
  • Gross Income: 26332
  • Gross Scheduled Income: 26332
  • Heating: Forced Air, Gas, Forced Air
  • Heating YN: Yes
  • Inclusions: Land And Building
  • Levels: Two
  • Lot Dimensions: 98X135
  • Lot Size Area: 13230
  • Lot Size Square Feet: 13230
  • Main Type: Commercial Sale
  • Number Of Buildings: 1
  • Operating Expense Includes: Insurance, Water/Sewer
  • Postal City: Olean
  • Roof: Rubber
  • Special Conditions Details: Standard
  • Stories Total: 2
  • Village: Not Applicable
  • Year Built Details: Existing
  • Year Built Effective: 1905
  • Year Established: 1905
  • Zoning Description: Commercial
Courtesy of Howard Hanna Professionals


Howard Hanna Professionals
Howard Hanna Professionals 410 Wayne Street
Olean, NY 14760
Phone: (716) 372-1155
Fax: (716) 372-7057
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