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204 N Barry St Olean, NY 14760

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For Sale
$152,000

Five-unit apartment complex in downtown Olean, New York.

Lot size:
0.15 Acres

Property Features for 204 N Barry St

General Information

Lot size
0.15 Acres

Building Details

Year built
1930

Source: 3D Real Estate LLC Agent James Dwaileebe

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Downtown Olean Apartment Complex

This is a five-unit apartment complex situated in downtown Olean, adjacent to JCC, and zoned for commercial use. Currently, three units are occupied by long-term tenants. A fourth unit is vacant and move-in ready. The fifth unit is under construction. The property features a total of five bathrooms and eight bedrooms. Off-street parking is available. The location is a two-minute walk to downtown Olean. The broker estimates the gross yearly rent to be $48,000 annually, with a net profit of $28,000. The CAP rate at full asking price is 15.8%.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Olean
County
Cattaraugus
State
New York
Longitude
-78.4275371
Latitude
42.0798561

FAQs

What type of property is this?
Apartment building - Five-unit apartment complex in downtown Olean, New York.
Where is this apartment building located?
The property is located at 204 N Barry St Olean, NY.
What is the asking price?
The asking price for this property is $152,000.
What are key features of this property?
This property features: - High CAP Rate: 15.8% at full asking price.; - Gross Yearly Rent: Estimated $48,000 annually with $28,000 Net profit.; - Prime Location: Located in Downtown Olean, next to JCC, and a short 2-minute walk to downtown.
More about this property
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