Seller's Agent in 2024
Patricia Collier
RE/MAX
(716) 378-2338
17 in this area
30 Total Sales
2724 Nys Rte 16 N Olean-Town, NY 14760
1
Bed
--
Bath
5,778
Sq Ft
1965
Built
Highlights
- Corner Lot
- Laundry Facilities
- High Speed Internet
- Baseboard Heating
About This Home
As of December 2024This is a rare chance to own a 14-unit motel that’s been converted into rental apartments. Situated in a highly desirable location, this property offers investors a stable income stream with significant upside potential. It has a prime Location: Positioned near major highways, shopping centers, and dining options, making it an attractive choice for tenants seeking convenience. A spacious parking lot ensures every tenant has access to off-street parking, a rare and desirable feature. Located in an area with high rental demand and low vacancy rates. Recent updates to the property’s plumbing, electrical, and roofing systems mean minimal maintenance costs. This is not just a property, but a turnkey investment opportunity Professionally Managed with established cash flow. With the option to increase rental rates or even explore short-term rental models like Airbnb, there are multiple paths to enhancing the property’s profitability.
Last Agent to Sell the Property
Listing by RE/MAX On Point Brokerage Phone: 716-307-3727 License #10401295212 Listed on: 09/21/2024
Last Buyer's Agent
Listing by RE/MAX On Point Brokerage Phone: 716-307-3727 License #10401295212 Listed on: 09/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,539
Year Built
- Built in 1965
Interior Spaces
- 1 Bedroom
- 5,778 Sq Ft Home
- 2-Story Property
Kitchen
- Oven
- Free-Standing Range
- Microwave
Parking
- 1 Parking Space
- No Garage
- Shared Driveway
Lot Details
- Lot Dimensions are 124x205
- Corner Lot
Schools
- Hinsdale Central High School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- PEX Plumbing
- Well
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- 14 Units
- Laundry Facilities
Listing and Financial Details
- Rent includes common area maintenance, electricity, heat, hot water, snow removal, trash collection, water
- Assessor Parcel Number 046600-085-019-0001-028-000-0000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2024 12/04/24 | Sold | $279,000 | 0.0% | $48 / Sq Ft |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 09/21/2024 09/21/24 | For Sale | $279,000 | -- | $48 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
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 | $3,648 | $92,040 | $8,700 | $83,340 |
| 2023 | $3,475 | $92,040 | $8,700 | $83,340 |
| 2022 | $3,450 | $92,040 | $8,700 | $83,340 |
| 2021 | $3,501 | $92,040 | $8,700 | $83,340 |
| 2020 | $3,512 | $92,040 | $8,700 | $83,340 |
| 2019 | $1,142 | $92,040 | $8,700 | $83,340 |
| 2018 | $3,463 | $92,040 | $8,700 | $83,340 |
| 2017 | $3,216 | $92,040 | $8,700 | $83,340 |
| 2016 | $3,219 | $92,040 | $8,700 | $83,340 |
| 2015 | -- | $92,040 | $8,700 | $83,340 |
| 2014 | -- | $92,040 | $8,700 | $83,340 |
Source: Public Records
Agents Affiliated with this Home
-
Patricia Collier
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1566944
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