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 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.
Pending
$152,000
204 N Barry St, Olean, NY 14760
8beds
2,950sqft
Quadruplex, Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$52/sqft
$-- HOA
What's special
- 353 days
- on Zillow |
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