Olean, NY 14760,635 S Union ST
Olean, NY 14760,635 S Union ST
Olean, NY 14760,635 S Union ST
18
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$144,900
Est. payment /mo
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7 Beds
4,000 SqFt
Pending

635 S Union ST Olean, NY 14760

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $36

MLS Listing ID R1637766

Bedrooms 7

Construction Status Existing

HOA Y/N No

Year Built 1910

Annual Tax Amount $4,769

Lot Size 0.311 Acres

Acres 0.3115

Lot Dimensions 106X128

Property Sub-Type Other

Property Description

Excellent investment opportunity with this 7-unit apartment building offering strong rental income potential and plenty of off-street parking for tenants, with 10+ spaces available. Unit 1 is a freshly remodeled 1-bedroom, 1-bath apartment, currently vacant and ready to lease for $850–$900. Unit 2 has also been newly remodeled and vacant, a spacious 1-bedroom, 1-bath unit with rental potential of $800–$850. Units 3 and 4 are currently rented, each bringing in approximately $750 per month, while Unit 5 is also leased at $750. Unit 6 is rented at $700, and Unit 7, also at $700, is currently in the eviction process. With updated units already in place, solid rental history, and immediate income potential, this property is ideal for an investor looking to grow their portfolio with a mix of renovated and income-producing apartments.

Location

State NY

County Cattaraugus

Area Olean-City-041200

Interior

Heating Electric, Gas, Baseboard

Flooring Carpet, Laminate, Varies

Fireplace No

Appliance Appliances Negotiable, Electric Water Heater, Gas Water Heater

Exterior

Exterior Feature Concrete Driveway

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Flat,Membrane,Rubber,Shingle

Garage No

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Foundation Slab

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Vinyl Siding,Wood Siding

Construction Status Existing

Schools

School District Olean

Others

Senior Community No

Tax ID 041200-094-081-0002-023-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna Professionals - Olean 716-307-9256

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 5
  • 5

    Washington West Elementary School

    Public | PK - 3

  • 5

    East View Elementary School

    Public | PK - 3

  • 3

    Olean Intermediate-Middle School

    Public | 4 - 7

  • 0

    Southern Tier Catholic School

    Private | PK - 12

  • 0

    Archbishop Walsh High School

    Private | PK - 12

Middle Schools 1
  • 5

    Olean Senior High School

    Public | 8 - 12

School and business data provided by Attom Data.

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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