NOT LISTED FOR SALE

6549 Olean Rd South Wales, NY 14139

-- Bed
-- Bath
8,300 Sq Ft
0.88 Acres

Last Sold May 31, 2022

Last sale price $579,000 $70 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • High Speed Internet
  • Heating System Uses Gas
  • Corner Lot
  • Wood Siding

About This Home

As of May 2022

Rare opportunity to own an 8 unit commercial property, 2 buildings & properties being sold together, the 4 unit residential building is at 6531 Olean rd & the building with 2 commercial / retail units and 2 residential apartments is at 6549 Olean rd, the square footage being offered along with lot size is both properties combined, the 2 commercial / retail space has numerous uses, one of the commercial spaces was recently a subway before owners of that franchise retired, now new tenant taking that space, properties will be fully rented with income of $75,000 annually, both buildings in great well maintained condition & turn key with many recent upgrades, perfect location with high traffic count right down the street from the rt 400. Also listed as a commercial listing B1387781.

Last Agent to Sell the Property

John Clapp

Listing by Howard Hanna WNY Inc. License #40CL0972598 Listed on: 02/04/2022

Howard Hanna WNY Inc.

Last Buyer's Agent

John Clapp

Listing by Howard Hanna WNY Inc. License #40CL0972598 Listed on: 02/04/2022

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,329

Year Built

  • Built in 1900

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 338x148
  • Corner Lot

Home Design

  • Wood Siding
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 8,300 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Location

  • Property is near public transit

Utilities

  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes common area maintenance, snow removal, trash collection, water
  • Tax Lot 10
  • Assessor Parcel Number 146600-201-200-0002-010-000

Community Details

Overview

  • 8 Units
  • Holland Land Company's Su Subdivision

Building Details

  • 8 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,329

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Other, See Remarks, Snow Removal, Trash Collection, Water
  • Year Built: 1900
  • Lot Features: Corner Lot, Near Public Transit
  • Road Frontage Type: Main Thoroughfare
  • Subdivision Name: Holland Land Company's Su
  • Directions: Take rt 400 to the end , properties about a half mile down on the left, signs up on both properties,
  • Flooring: Other, See Remarks
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, See Remarks
  • Basement: Partial
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.88
  • Waterfront: No
  • Construction Type: Other, See Remarks, Vinyl Siding, Wood Siding, Copper Plumbing
  • Exterior Features: Blacktop Driveway, See Remarks

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Cooling: Other, See Remarks
  • Heating: Gas, Other, See Remarks
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Senior Community: No

Schools

  • Junior High Dist: Holland

Lot Info

  • Parcel Number: 146600-201-200-0002-010-000
  • Lot Dimensions: 338X148
  • Lot Size Sq Ft: 38333.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8

Tax Info

  • Tax Annual Amount: 8329.0
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2019
Sold by
Freeman Dwayne
Bought by
Caradori Enterprises Llc

Purchase Details

Closed on
Dec 10, 2015
Sold by
Lafferty Kevin L
Bought by
Kline Jason W and Kline Michelle L
Source: Public Records

Range of Values:

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Sold Price
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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
Caradori Enterprises Llc $420,000 None Available
Kline Jason W $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lafferty David L $150,000
Previous Owner Lafferty David L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $579,000 -1.9% $70 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $590,000 -- $71 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 -- $89,000 $8,000 $81,000
2023 $3,215 $89,000 $8,000 $81,000
2022 $7,866 $89,000 $8,000 $81,000
2021 $7,833 $89,000 $8,000 $81,000
2020 $4,363 $89,000 $8,000 $81,000
2019 $4,545 $89,000 $8,000 $81,000
2018 $4,457 $89,000 $8,000 $81,000
2017 $2,864 $89,000 $8,000 $81,000
2016 $4,585 $89,000 $8,000 $81,000
2015 -- $89,000 $8,000 $81,000
2014 -- $89,000 $8,000 $81,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1387600

Western New York Real Estate Information Services (WNYREIS)

APN: 146600-201-200-0002-010-000