2724 Nys Rte N

Baths
5,778 Sq. Ft.
$48 / Sq. Ft.
5,778
Sq. Ft.
$48
per Sq. Ft.

Description

This is a rare chance to own a 14-unit motel that’s been converted into rental apartments. Situated in a highly desirable location, this property offers investors a stable income stream with significant upside potential. It has a prime Location: Positioned near major highways, shopping centers, and dining options, making it an attractive choice for tenants seeking convenience. A spacious parking lot ensures every tenant has access to off-street parking, a rare and desirable feature. Located in an...This is a rare chance to own a 14-unit motel that’s been converted into rental apartments. Situated in a highly desirable location, this property offers investors a stable income stream with significant upside potential. It has a prime Location: Positioned near major highways, shopping centers, and dining options, making it an attractive choice for tenants seeking convenience. A spacious parking lot ensures every tenant has access to off-street parking, a rare and desirable feature. Located in an area with high rental demand and low vacancy rates. Recent updates to the property’s plumbing, electrical, and roofing systems mean minimal maintenance costs. This is not just a property, but a turnkey investment opportunity Professionally Managed with established cash flow. With the option to increase rental rates or even explore short-term rental models like Airbnb, there are multiple paths to enhancing the property’s profitability.
  1. Listed by Patricia L Collier • RE/MAX On Point
    P: (716)-373-7325 C: (716)-307-3727 patricia.collier@remax.net

Property Details for 2724 Nys Route North

On Waterfront
No
Parking Description
One Space, Driveway, No Garage, Shared Driveway
Nearest Cross Street
Kansas Ave
LISTING CLOSED: 12/04/2024 12:00 AM

Property Details for 2724 Nys Route North

StatusClosed
MLS #B1566944
Days on Market5
Taxes$3,539 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Commercial
Year Built1965
Lot Size-
CountyCattaraugus County

Location

Listing Courtesy of RE/MAX On Point

Sold By RE/MAX On Point

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Building Information for 2724 Nys Route North

Stories2Residences14Year Built1965Building Size-Lot Size-

Payment Calculator

$1,713 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,418

Property Taxes

$295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2724 Nys Route North

Summary
Location and General Information
  • Elementary School Name: Other - See Remarks
  • Elementary School District: Hinsdale
  • High School Name: Hinsdale Central
  • High School District: Hinsdale
  • Middle School Name: Other - See Remarks
  • Middle Or Junior School District: Hinsdale
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Olean- Town-046600
  • Tax Annual Amount: $3,539.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 5778.0
  • Land Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 046600-085-019-0001-028-000-0000
  • Road Frontage: Main Thoroughfare
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $92,040
  • Year Built: 1965
  • Year Built Description: Existing
  • Property Sub Type Additional: Commercial, Other
Utilities
  • Electric Service: Circuit Breakers
  • Sewer Description: Septic Tank
  • Utilities Available: Cable Available, High Speed Internet Available
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Community Features: Other, See Remarks
  • Construction Materials: Block, Other, Concrete, See Remarks, Pex Plumbing
  • Exterior Features: Blacktop Driveway
  • Roof Description: Asphalt, Shingle
Interior Features
  • Appliances: Free Standing Range, Gas Water Heater, Microwave, Oven, Refrigerator, See Remarks
  • Basement Description: None
  • Basement YN: No
  • Num Of Possible Bedrooms: 1
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Luxury Vinyl
  • Heating: Gas, Baseboard, Hot Water
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Levels: Two
  • Sq Ft Total: 5778.0
  • Main Level Bathrooms: 0
  • Window Features: Thermal Windows
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
  • Operating Expense Includes: Electric, Fuel, Insurance, Maintenance, Professional Management, Trash, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Electricity, Heat, Hot Water, Snow Removal, Trash Collection, Water

Property History for 2724 Nys Route North

DateEvent & SourcePriceAppreciation
Dec 4, 2024

Sold

WNYREIS #B1566944

$279,000
Dec 4, 2024

Sold

New York State Alliance of MLSs (Buffalo) #B1566944

$279,000
Sep 26, 2024

Contract Out

WNYREIS #B1566944

DateEvent & SourcePrice
12/04/2024

Sold

WNYREIS #B1566944

$279,000
12/04/2024

Sold

New York State Alliance of MLSs (Buffalo) #B1566944

$279,000
09/26/2024

Contract Out

WNYREIS #B1566944

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

Schools near 2724 Nys Route North

This home is within Hinsdale Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Private - K to 12
Rating
School
Distance
Hinsdale Central School
PublicPK to 12

New Life Christian School
PrivateK 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 RE/MAX On Point

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.