Sold
Last Sold Price
4 beds2 baths2,232 sqft
1097 Promised Land Rd, Olean, NY 14760
Multi FamilyProperty Type
1.1 acresLot Size
1900Year Built
$35/sq ftPrice per sq ft

Description

Income opportunity at great price! See this multifamily 2 unit located in a desirable area in the Portville School District. Separate utilities paid by tenants, separate entrances each with covered porches, long driveway for plenty of parking. Nice country-like setting. Furnaces for both units less than 2 yrs old, hot water tanks less than 7, appliances stay including separate washers and dryers for tenants. This one is a money maker, it won't last long!Income opportunity at great price! See this multifamily 2 unit located in a desirable area in the Portville School District. Separate utilities paid by tenants, separate entrances each with covered porches, long driveway for plenty of parking. Nice country-like setting. Furnaces for both units less than 2 yrs old, hot water tanks less than 7, appliances stay including separate washers and dryers for tenants. This one is a money maker, it won't last long!
  • Listed by: Sarah Hallberg 716.324.2300 realtorhallberg@gmail.com • Keller Williams Realty
Listing closed: 01/10/2023 12:00 AM • Source: WNYREIS, MLS#: R1422255

Location

Listing Courtesy of Keller Williams Realty

Sold By Howard Hanna Professionals

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Payment Calculator

$634 per month

30 year fixed, 6.71% Interest

Principal and Interest

$400

Property Taxes

$234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1097 Promised Land Road

Property Details
  • Taxes: $2,808 / year
  • MLS Type: Residential / Residential
  • Styles Of Residence: Duplex
  • On Waterfront: No
  • Parking Description: Gravel, Two Or More Spaces
  • Nearest Cross Street: Witherell Hts/Rte 417
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1900
  • Lot Size: 1.10 AC / 47,916 SF
Summary
Location and General Information
  • Elementary School Name: Portville Elementary
  • Elementary School District: Portville
  • High School Name: Portville Junior-Senior High
  • High School District: Portville
  • Middle School Name: Other - See Remarks
  • Middle Or Junior School District: Portville
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Portville-047489
  • Tax Annual Amount: $2,808.00
Property
Lot Information
  • Building Area Total: 2232.0
  • Land Features: Irregular Lot, Rural Lot
  • Num Of Acres: 1.1
  • Lot Size Area: 1.1
  • Lot Size Square Feet: 47916.0
  • Lot Size Units: Acres
  • Parcel Number: 047489-104-001-0002-013-000-0000
  • Lot Number: 13
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $68,500
  • Year Built: 1900
  • Year Built Description: Existing
  • Zoning Description: Residential 2 Unit
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Septic Tank
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Frame, Steel Siding, Pex Plumbing
  • Foundation Description: Stone
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full, Walk Out Access
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Hardwood, Varies, Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans, Natural Woodwork, Window Treatments
  • Laundry Features: Washer Hookup
  • Levels: Two
  • Sq Ft Total: 2232.0
  • Main Level Bathrooms: 0
  • Window Features: Drapes
Multi Family
Multi-Family Information
  • Gross Annual Income: $16,200.00
  • Net Operating Income: $10,592.00
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expenses: $2,800.00
  • Operating Expense Includes: Insurance, Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $650.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 650
Unit 2
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $700.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 700
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 1097 Promised Land Road

DateEvent & SourcePriceAppreciation
Jan 10, 2023

Sold

New York State Alliance of MLSs (Buffalo) #R1422255

$77,500
Jan 10, 2023

Sold

WNYREIS #R1422255

$77,500
Dec 28, 2022

Sold (Public Record)

Public Record #1505244605

$77,500
DateEvent & SourcePrice
01/10/2023

Sold

New York State Alliance of MLSs (Buffalo) #R1422255

$77,500
01/10/2023

Sold

WNYREIS #R1422255

$77,500
12/28/2022

Sold (Public Record)

Public Record #1505244605

$77,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1097 Promised Land Road

Taxable ValueLand$10,300Additions$58,200Total$68,500
Tax Record2025$2,947 ($246 / month)
Home Facts
Baths2Total Finished SqFt2,232 SqFtAbove Grade Finished SqFt2,232 SqFtStories2Lot Size47,916 SqFtStyleDuplexYear Built1900ZoningCONCountyCATTARAUGUSAPN047489 104.001-2-13Fireplace TypeHas Fireplace

Schools near 1097 Promised Land Road

This home is within Portville Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Portville Elementary School
PublicPK to 6

Portville Junior Senior High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Realty

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.