Estimated Value: $102,000 - $158,658
Great income property with this true side by side well maintained duplex. Both sides have 3 bedrooms and 1.5 baths. Beautiful woodwork and high ceilings. 404 has hardwood french doors in the living room, built in bench seating in the dining room to give this apartment the look and feel of old charm. 1/2 bath on fist floor. walk up attic. full basement. Newer furnace and some newer windows. Unit 406 is similar to 404 but has an extra family room in the back portion and a nice covered deck. Each unit has their own garage with an extra bay to keep lawnmowers or other equipment . Live on one side and rent the other to pay the mortgage too. Either way its win win situation. Please do not walk around the property without an appt and realtor.
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 02/28/2023
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Utilities
Listing and Financial Details
Overview
Building Details
$144,900
Newer boiler. Newer flooring. Off street parking. Attached two car garage for on site maintenance supplies tools and equipment or collect additional rent for garage space. One of the two upstairs units is currently vacant. Very large apartment downstairs could be remodeled, with relative ease to create an additional rental unit.
Lisa Darling Homestar Realty
$152,000
This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5
James Dwaileebe 3D Real Estate LLC
$119,000
Great investment property. Main property has three bedrooms 1 full bath. Tenant pays $750/mo and has been a long standing tenant. Out back has a 2 unit with both being a 2 bed and 1 bath. Upper unit is occupied and tenant pays $500/mo. Lower is unoccupied but has brought in $500/mo in the past. Live in one and let the rest pay the mortgage or rent the last apartment and have a great rental
Kelly Patrone Howard Hanna Professionals - Olean
$115,000
Three bed one and a half bath home with 2)one bedroom apartments detached in the back. Take advantage of this home with a first floor laundry and an oversized kitchen with plenty of cupboard and counter space. Main house has a car port for parking your vehicle with one other space for back tenants. Apartments out back have a patio for the downstairs and a covered porch for the upstairs. This
Rebecca Laborde Premier Listings Real Estate
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morris Shawn | $71,000 | Mark S.. Aquino | |
| Perry Matthew | $80,000 | Daniel R Palumbo | |
| -- | -- | -- | |
| Cassada Julie | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morris Shawn | $69,714 | |
| Previous Owner | Perry Matthew | $76,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2023 05/15/23 | Sold | $99,900 | 0.0% | $26 / Sq Ft |
| 03/02/2023 03/02/23 | Pending | -- | -- | -- |
| 02/28/2023 02/28/23 | For Sale | $99,900 | -- | $26 / Sq Ft |
| 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 | $3,009 | $79,700 | $4,900 | $74,800 |
| 2023 | $3,001 | $79,700 | $4,900 | $74,800 |
| 2022 | $3,044 | $79,700 | $4,900 | $74,800 |
| 2021 | $3,132 | $79,700 | $4,900 | $74,800 |
| 2020 | $2,513 | $79,700 | $4,900 | $74,800 |
| 2019 | $1,738 | $79,700 | $4,900 | $74,800 |
| 2018 | $3,658 | $79,700 | $4,900 | $74,800 |
| 2017 | $2,554 | $79,700 | $4,900 | $74,800 |
| 2016 | $2,501 | $79,700 | $4,900 | $74,800 |
| 2015 | -- | $79,700 | $4,900 | $74,800 |
| 2014 | -- | $79,700 | $4,900 | $74,800 |
Seller's Agent in 2023
Kelly Patrone
Howard Hanna
(716) 353-3222
254 Total Sales
Buyer's Agent in 2023
Travis Thurston
Landquest Inc.
(585) 386-9413
290 Total Sales
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1457392
APN: 041200-094-073-0001-019-000-0000
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