NOT LISTED FOR SALE

113 S 6th 521 Second Ave 316 N 5th St 203 N Clinton St Olean-City, NY 14760

-- Bed
-- Bath
4,140 Sq Ft
3,750 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $690,000 $167 Per Sq Ft

163 Days on Market

Highlights

  • Wood Flooring
  • Programmable Thermostat
  • Ceiling Fan
  • Woodwork
  • Forced Air Heating System
  • 4-minute walk to Oak Hill Park

About This Home

As of May 2022

12.3% CAP RATE ($92,181 income after taxes, vacancy expense 10%, maintenance expense 10%, and insurance $3,000). Ready to go 17 unit portfolio featuring 203-205 N Clinton Street which is a fully remodeled large four-unit with four three-bedroom apartments; 113 S 6th St which is a fully remodeled seven-unit with five one-bedroom apartments, two two-bedroom apartments, and a garage; 521 Second Ave which is a 4 unit with three two-bedrooms and one one-bedroom apartment; and 316 N 5th Street which is a spacious duplex with three bedrooms in each unit. At the time of listing the property is fully occupied with all tenants paying rent. Property includes Tax Map IDs: 94.050-1-31; 94.056-8-21;
94.064-13-40; 94.064-13-41; 94.065-7-8

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 07/17/2021

Howard Hanna Professionals - Olean

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 07/17/2021

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,742

Year Built

  • Built in 1935

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 37x100

Home Design

  • Wood Siding
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • Garage
  • Garage Door Opener
  • Gravel Driveway
  • Shared Driveway

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Gas
  • Programmable Thermostat
  • PEX Plumbing
  • Gas Water Heater
  • Shared Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 41
  • Assessor Parcel Number 041200-094-064-0013-041-000-0000

Community Details

Overview

  • 17 Units

Building Details

  • 17 Separate Gas Meters
  • Operating Expense $44,319
  • Gross Income $136,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,742

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Water
  • Year Built: 1935
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Various locations
  • Flooring: Carpet, Hardwood, Laminate, Tile, Varies, Vinyl
  • Interior Features: Ceiling Fan(s), Natural Woodwork, Programmable Thermostat
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Appliances Negotiable, Common Water Heater, Electric Water Heater, Gas Water Heater
  • Basement: Full, Partial
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.0861
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Siding, Copper Plumbing, PEX Plumbing
  • Exterior Features: Blacktop Driveway, Concrete Driveway, Gravel Driveway

Garage/Parking

  • Parking Features: One Space, Driveway, Garage Door Opener, Shared Driveway

Utilities

  • Heating: Gas, Forced Air, Space Heater
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-064-0013-041-000-0000
  • Lot Dimensions: 37X100
  • Lot Size Sq Ft: 3750.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 17
  • Annual Gross Income: 136500.0
  • Annual Operating Expense: 44319.0
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17

Tax Info

  • Tax Annual Amount: 16742.0
  • Tax Lot: 41

MLS Schools

  • Elementary School: Washington West Elementary

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2022 05/09/22 For Sale $750,000 +8.7% $181 / Sq Ft
05/02/2022 05/02/22 Sold $690,000 0.0% $167 / Sq Ft
01/18/2022 01/18/22 Off Market $690,000 -- --
07/17/2021 07/17/21 For Sale $750,000 -- $181 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Pezzimenti

    Seller's Agent in 2022

    Paul Pezzimenti

    Howard Hanna

    (716) 378-7039

    191 in this area

    332 Total Sales

    Paul Pezzimenti
    Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1352770

Chautauqua-Cattaraugus Board of REALTORS®
New York Cattaraugus County Olean 14760

113 S 6th 521 Second Ave 316 N 5th St 203 N Clinton St, Olean, NY

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes