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635 S Union St Olean, NY 14760

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For Sale
Pending
$144,900

Seven-unit apartment building with strong rental income potential.

Lot size:
0.31 Acres

Property Features for 635 S Union St

General Information

Property type
Investment
Standard status
Pending
Lot size
0.31 Acres

Building Details

Year built
1910

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Listing Contact
Regis Handley
Regis Handley
Source: Elliman

Listing Agency: Howard Hanna Holt Real Estate Listing Agent: Regis Handley

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

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Overview

Seven-Unit Apartment Building Investment

This seven-unit apartment building presents an investment opportunity with rental income potential. The property includes over ten off-street parking spaces for tenants. Unit 1 is a remodeled one-bedroom, one-bath apartment that is currently vacant and ready to lease. Unit 2 is also a newly remodeled and vacant one-bedroom, one-bath unit. Units 3, 4, and 5 are currently rented, each bringing in approximately $750 per month. Unit 6 is rented at $700, and Unit 7, also at $700, is currently in the eviction process. The property offers a mix of renovated and income-producing apartments.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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Location Insight

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City
Olean
County
Cattaraugus
State
New York
Longitude
-78.4304549
Latitude
42.0687919

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building with strong rental income potential.
Where is this apartment building located?
The property is located at 635 S Union St Olean, NY.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: - Strong rental income potential from 7-unit apartment building.; - Two newly remodeled, vacant 1-bedroom, 1-bath units ready to lease immediately.; - 10+ off-street parking spaces for tenants.
More about this property
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