High-income four-unit rental property. All separate utilities that the tenants pay for. 12%+ cap rate (-$1,200 in insurance, vacancy expense of 10%, operating expense of 10%, and taxes. The units are well taken care of and feature newer systems. Due to the Coronavirus outbreak, showings will not be allowed. Attempts at virtual showings are not guaranteed.
Off market
$126,100
521 2nd Ave, Olean, NY 14760
--beds
0baths
3,202sqft
MultiFamily
Built in 1910
-- sqft lot
$126,100 Zestimate®
$39/sqft
$1,012 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total interior livable area: 3,202 sqft
Property
Lot
- Size: 6,534 sqft
Details
- Parcel number: 041200-094-050-0001-031-000-0000
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1910
Community & neighborhood
Location
- Region: Olean
Other
Other facts
- Basement Description: Full
- Floor Description: Wall To Wall Carpet-Some, Laminate-Some
- Heating Fuel Description: Gas
- Listing Type: Exclusive Right To Sell
- Lot Information: Neighborhood Street
- Additional Exterior Features: Cable TV Available, High Speed Internet
- Parking Driveway: Stone/Gravel, 2 or More Spaces
- Rent Includes: No Utilities, Lawn Maintenance
- Sewer Description: Sewer Connected
- HVAC Type: Forced Air
- Typeof Sale: Normal
- Village: Not Applicable
- Water Heater Fuel: Gas
- Water Resources: Public Connected
- Year Built Description: Existing
- Attic Description: Scuttle Access
- Additional Interior Features: Circuit Breakers - Some, Ceiling Fan
- Operating Expenses Include: Exterior Maintenance, Insurance, Repairs/Maintenance, Management
- Typeof Residence: 4 Unit
- Exterior Construction: Vinyl
- Area NYSWIS Code: Olean-City-041200
- Roof Description: Asphalt
- Status: P-Pending Sale
- Parcel Number: 041200-094-050-0001-031-000-0000