633-635 South Union Street
633-635 South Union Street
$90,000
—
4,000
4,000
$23
S - Closed / Rented 1/10/22
Description
This 7 unit apartment building is a great investment property. Currently bringing in $47,700 a year. Plus another $900. for the coin operated laundry. The seller just purchased this building in November, but had an opportunity to purchase something else and decided to put his efforts into that and sell this. There are 2 long term tenants there-3.5 years, paying $575 & $500, and 4 more have been there over a year, 1 just for 1 month. All rents are paid on time, one being several payments in a month....This 7 unit apartment building is a great investment property. Currently bringing in $47,700 a year. Plus another $900. for the coin operated laundry. The seller just purchased this building in November, but had an opportunity to purchase something else and decided to put his efforts into that and sell this. There are 2 long term tenants there-3.5 years, paying $575 & $500, and 4 more have been there over a year, 1 just for 1 month. All rents are paid on time, one being several payments in a month. Most are in 1 year leases. Each unit pays their own Electric. The seller has 1 gas payment of $200/month for the HWT, and also pays $300 for water. Apt 1 has all utilities included, as theirs is connected to the sellers utilities ($675/month). This building has recently had a flat roof put on approximately 4 years ago. It does need normal cosmetic repair/replacing, typical in most apartment buildings. There is room to raise rents a bit and bring a better cashflow in. There's a large parking lot, for approximately 10 cars. Put some money into this one and watch it return to you!
- Listed by Claudia Attard-Keary • Chamberlain Home Realty
Property Details for 633-635 South Union Street
On Waterfront
No
Nearest Cross StreetE Rvierside Dr
Location
LISTING UPDATED: 02/17/2022 12:56 PM
Property Details for 633-635 South Union Street
Status | S - Closed / Rented |
---|---|
MLS # | B1328639 |
Days on Market | 224 |
Taxes | $4,639 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5 + Unit Apartments / Commercial Included |
Year Built | 1910 |
Lot Size | 0.31 AC / 13,568 SF |
County | Cattaraugus County |
Location
Building Information for 633-635 South Union Street
Stories1Residences-Year Built1910Building Size-Lot Size0.31 AC / 13,568 SF
Payment Calculator
$878 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 633-635 South Union Street
Property History for 633-635 South Union Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 633-635 South Union Street
This home is within Olean City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 4 to 7 | |||
Public - | 8 to 12 | |||
Public - | PK to 3 | |||
Public - | PK to 3 |
Rating | School | Distance |
---|---|---|
Olean Middle School Public4 to 7 | ||
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.