NOT LISTED FOR SALE

116 N 4th St Unit TWENTY Olean, NY 14760

Estimated Value: $87,000 - $159,000

5 Beds
4 Baths
2,116 Sq Ft
$54/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $55,000 $26 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $706/month

1 Day on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 4-minute walk to Oak Hill Park

About This Home

As of January 2024

Great Investment Opportunity!

This 2 story house is a 4 unit apartment complex.  The downstairs offers a 2 bedroom, 1 full bath unit, and a 1 bedroom, 1 full bath unit.  The upstairs offers two 1 bedroom, 1 bathroom units.

3 out of the 4 units are currently rented with a total income of $1,650 per month.  One of the upstairs apartments is not rented and needs to be updated, and then it can be rented for additional income.

There is a large gravel driveway with street parking available as well.  The property has natural gas heating with public water and sewer.

Just a short walk to the Olean High School, and is located just off West State Street for all the amenities. Perfect opportunity at a great price.

Last Agent to Sell the Property

Travis Thurston

Listing by Landquest Inc. Brokerage Phone: 585.386.9413 License #10301222583 Listed on: 10/09/2023

Last Buyer's Agent

Ryan Carney

Listing by eXp Realty License #10401379885

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,944

Year Built

  • Built in 1900

Lot Details

  • 6,042 Sq Ft Lot
  • Lot Dimensions are 40x151

Parking

  • Gravel Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 2,116 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • 4 Separate Gas Meters

Listing and Financial Details

  • Assessor Parcel Number 041200-094-065-0011-056-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,944

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1900
  • Attribution Contact: 585.386.9413
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: From West State St. turn onto N. 4th St., property is on the right.
  • Flooring: Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1387
  • Waterfront: No
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-065-0011-056-000-0000
  • Lot Dimensions: 40X151
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 1944.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Flicker Shelly
Bought by
Andhor Colleen
Current Estimated Value
$113,372

Purchase Details

Closed on
Sep 5, 2014
Sold by
Healy James A
Bought by
Flicker Shelly
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andhor Colleen -- None Available
Flicker Shelly $55,000 Daniel R. Palumbo
Healy James A -- Daniel R. Palumbo
Healy James A -- Daniel R. Palumbo
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $55,000 -21.3% $26 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
10/09/2023 10/09/23 For Sale $69,900 -- $33 / Sq Ft
Source: Cortland County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,478 $55,000 $6,800 $48,200
2023 $2,071 $55,000 $6,800 $48,200
2022 $2,101 $55,000 $6,800 $48,200
2021 $2,161 $55,000 $6,800 $48,200
2020 $1,535 $55,000 $6,800 $48,200
2019 $826 $55,000 $6,800 $48,200
2018 $2,326 $55,000 $6,800 $48,200
2017 $1,553 $55,000 $6,800 $48,200
2016 $1,511 $55,000 $6,800 $48,200
2015 -- $55,000 $6,800 $48,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1503373

Cortland County Board of REALTORS®

APN: 041200-094-063-0001-034-000-0000