116 N 4th St
Description
3 out of the 4 units are currently rented with a total income of $1,650 per month. One of the upstairs apartments is not rented and needs to be updated, and then it can be rented for additional income. There is a large gravel driveway with street parking available as well. The...Great Investment Opportunity! This 2 story house is a 4 unit apartment complex. The downstairs offers a 2 bedroom, 1 full bath unit, and a 1 bedroom, 1 full bath unit. The upstairs offers two 1 bedroom, 1 bathroom units.
3 out of the 4 units are currently rented with a total income of $1,650 per month. One of the upstairs apartments is not rented and needs to be updated, and then it can be rented for additional income. There is a large gravel driveway with street parking available as well. The property has natural gas heating with public water and sewer. Just a short walk to the Olean High School, and is located just off West State Street for all the amenities. Perfect opportunity at a great price.
Property Details for 116 North 4th Street
Property Details for 116 North 4th Street
| Status | Closed |
|---|---|
| MLS # | S1503373 |
| Days on Market | 1 |
| Taxes | $1,944 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Residential |
| Year Built | 1900 |
| Lot Size | 0.14 AC / 6,041 SF |
| County | Cattaraugus County |
Location
Sold By WNY Metro Roberts Realty
Building Information for 116 North 4th Street
Payment Calculator
$430 per month
30 year fixed, 6.15% Interest
$268
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1Property Information for 116 North 4th Street
- Elementary School District: Olean
- High School District: Olean
- Middle Or Junior School District: Olean
- Village: Not Applicable
- Human YN: Yes
- Garage Spaces per Apt: .00
- Area NYSWIS Code: Olean-City-041200
- Tax Annual Amount: $1,944.00
- Building Area Total: 2116.0
- Land Features: Residential Lot
- Num Of Acres: 0.1387
- Lot Size Area: 0.1387
- Lot Size Units: Acres
- Parcel Number: 041200-094-065-0011-056-000-0000
- Road Frontage: City Street
- Property Condition: Resale
- Assessed Value: $32,000
- Year Built: 1900
- Year Built Description: Existing
- Num Of Electric Meters: 4
- Num Of Gas Meters: 4
- Sewer Description: Connected
- Utilities Available: Sewer Connected, Water Connected
- Water Supply: Connected, Public
- Construction Materials: Wood Siding
- Appliances: Gas Water Heater
- Basement Description: Full
- Basement YN: Yes
- Num Of Possible Bedrooms: 5
- Num Fireplaces Total Calculated: 0
- Fireplace YN: No
- Floor Description: Other, See Remarks
- Heating: Gas, Forced Air
- Heating YN: Yes
- Levels: Two
- Sq Ft Total: 2116.0
- Main Level Bathrooms: 0
- Net Operating Income: -$1,944.00
- Number Of Units In Community: 4
- Number Of Units Total: 4
- Operating Expense Includes: Other, See Remarks
- Stories: 2
- Stories Total: 2
- Unit Type Actual Rent: $425.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Features: ,Other - See Remarks
- Unit Type Total Rent: $425.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 425
- Unit Type Actual Rent: $550.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Features: ,Other - See Remarks
- Unit Type Total Rent: $550.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 550
- Unit Type Actual Rent: $.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Features: ,Other - See Remarks
- Unit Type Total Rent: $.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 0
- Unit Type Actual Rent: $675.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Features: ,Other - See Remarks
- Unit Type Total Rent: $675.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 675
- Rent Includes: Other, See Remarks
- Lease Amount Per Area Unit: Dollars Per Square Foot
Property History for 116 North 4th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 26, 2024 | Sold WNYREIS #S1503373 | $55,000 | — |
| Jan 19, 2024 | Sold (Public Record) Public Record #1527959715 | $47,000 | -3.3% / yr |
| Oct 10, 2023 | Pending WNYREIS #S1503373 | — | |
| Oct 9, 2023 | Listed (Active) WNYREIS #S1503373 | $69,900 | — |
| Sep 30, 2023 | Expired WNYREIS #S1452984 | — | |
| Mar 16, 2023 | Pending WNYREIS #S1452984 | — | |
| Jan 26, 2023 | Listed (Active) WNYREIS #S1452984 | $69,900 | — |
| Jun 14, 2017 | Sold (Public Record) Public Record #601514941 | $58,500 | +6.7% / yr |
| Mar 10, 2008 | Sold (Public Record) Public Record #426833563 | $32,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/26/2024 | Sold WNYREIS #S1503373 | $55,000 |
| 01/19/2024 | Sold (Public Record) Public Record #1527959715 | $47,000 -3.3% / yr |
| 10/10/2023 | Pending WNYREIS #S1503373 | — |
| 10/09/2023 | Listed (Active) WNYREIS #S1503373 | $69,900 |
| 09/30/2023 | Expired WNYREIS #S1452984 | — |
| 03/16/2023 | Pending WNYREIS #S1452984 | — |
| 01/26/2023 | Listed (Active) WNYREIS #S1452984 | $69,900 |
| 06/14/2017 | Sold (Public Record) Public Record #601514941 | $58,500 +6.7% / yr |
| 03/10/2008 | Sold (Public Record) Public Record #426833563 | $32,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 116 North 4th Street
Schools near 116 North 4th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 2 to 10 | |||
| Public - | 8 to 12 | |||
| Public - | PK to 3 | |||
| Public - | PK to 3 |
Rating | School | Distance |
|---|---|---|
Olean Middle School Public2 to 10 | ||
Olean Senior High School Public8 to 12 | ||
East View Elementary School PublicPK to 3 | ||
Washington West Elementary School PublicPK to 3 |
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 Landquest Inc.
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.
