633-635 South Union Street

Olean, NY 14760

$195,900
Price
Beds
4,000 Sq. Ft.
$49 / Sq. Ft.
4,000
Sq. Ft.
$49
per Sq. Ft.

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....

Property Details for 633-635 South Union Street

On Waterfront
No

Location

Listing Courtesy of Chamberlain Home Realty

Property Details for 633-635 South Union Street

StatusActive
MLS #B1328639
Days on Market64
Taxes$4,639 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5 + Unit Apartments / Commercial Included
Year Built1910
Lot Size0.31 AC / 13,568 SF
CountyCattaraugus County

Listing Agent

Claudia Attard-Keary

Claudia Attard-Keary

Chamberlain Home Realty

claudia_attard@yahoo.com

P: 716.373.7325

M: 716.307.8894

Contact Agent(s)

Location

Listing Courtesy of Chamberlain Home Realty

Building Information for 633-635 South Union Street

Stories1Residences-Year Built1910Building Size-Lot Size0.31 AC / 13,568 SF

Payment Calculator

$1,043 per month

30 year fixed, 2.95% Interest

Principal and Interest

$657

Property Taxes

$387

HOA Dues

$0

Property Information for 633-635 South Union Street

Summary
    Location and General Information
  • Directions to Property: Follow Rt 16 S (S. Union St, pass the bridge, building is on the left
  • Nearest Cross Street: E Rvierside Dr
  • Postal City: Olean
  • School District Name: Olean
  • Village: Not Applicable
    Owner
  • Owner 1 First Name: Donald
  • Owner 1 Last Name: Lockwood
  • Owner City State: Bradford, PA
  • Owner Zip Code: 16701
    Parking
  • Garage Spaces per Apt: No Garage Spaces
  • Parking Spaces per Apt: 3 Or More Spaces
    Taxes and HOA Information
  • City Village Tax: $1,276
  • School Tax: $2,248
  • Town County Tax: $1,115
  • Area NYSWIS Code: Olean-City-041200
Property
    Lot Information
  • Parcel Number: 041200-094-081-0002-023-000-0000
  • Num Of Acres: 0
  • Age Of Building: 111
  • Lot Dimensions Depth: 128
  • Lot Dimensions Frontage: 106
  • Lot Number: 23
  • Lot Information: Commercial Zoning
    Property and Assessments
  • Annual Special Assessment: $0
  • Assessed Value: $85,000
  • Year Built Description: Existing
  • Amenities Included: Coin Laundry
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Second Mortgage Home Equity Bala: $0
    Utilities
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
Interior and Exterior Features
    Exterior Features
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Driveway Description: Blacktop
  • Exterior Construction: Vinyl, Wood
  • Roof Description: Asphalt, Flat
    Interior Features
  • Num Bedrooms 4 Th Floor: 0
  • Num Fireplaces Artificial: 0
  • Num Fireplaces Freestanding: 0
  • Num Fireplaces Gas: 0
  • Num Fireplaces Not Repto Code: 0
  • Num Fireplaces Other: 0
  • Num Fireplaces Pellet: 0
  • Num Fireplaces Total Calculated: 0
  • Num Fireplaces Woodburning: 0
  • Num Fireplaces Woodstoves: 0
  • Num Full Baths 4 Th Floor: 0
  • Num Half Baths 4 Th Floor: 0
  • Sq Ft Total: 4000
  • Basement Description: None
  • Heating Fuel Description: Electric, Gas
  • HVAC Type: Baseboard, Forced Air
  • Kitchen Equip Appl Included: Dryer, In All Apartments, Oven/Range Electric-Some, Refrigerator, Washer
Multi Family
    Multi-Family Information
  • Special Conditions Call L Brk: No
  • Third Party Commentary Blog: Yes
  • Net Operating Income: $-4,639
  • Num Of Heating Units: 7
  • Income Expense Information: May Show Books
  • Operating Expenses Include: Exterior Maintenance, Repairs/Maintenance, Snow Plow, Water / Sewer
Rental
    Rental Information
  • First Bedrm Average Month Rent: $675
  • Second Bedrm Average Month Rent: $500
  • Third Bedrm Average Month Rent: $600
  • Num Of 1 Bedroom Apartment: 1
  • Num Of 2 Bedroom Apartment: 1
  • Num Of 3 Bedroom Apartment: 2
  • Num Of Studio Apartments: 0
  • Total Num Of Apartments: 7
  • Rent Includes: Snow Removal, Water

Property History for 633-635 South Union Street

DateEvent & SourcePriceAppreciation
Apr 12, 2021

Listed (Active)

WNYREIS #B1328639

$195,900
DateEvent & SourcePrice
04/12/2021

Listed (Active)

WNYREIS #B1328639

$195,900

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

Schools near 633-635 South Union Street


SchoolTypeGradesDistanceRating
Southern Tier Catholic SchoolPrivatePK-80.4 mi
NR
Olean Senior High SchoolPublic7-121.0 mi
5
Olean Middle SchoolPublic4-71.1 mi
4
East View Elementary SchoolPublicPK-31.2 mi
4

Southern Tier Catholic School

PK-8, 0.4 mi, Private

NR

Olean Senior High School

7-12, 1.0 mi, Public

5

Olean Middle School

4-7, 1.1 mi, Public

4

East View Elementary School

PK-3, 1.2 mi, Public

4

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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633-635 South Union Street is a multi-family home for sale in Olean, NY 14760. This property was listed for sale on April 12, 2021 by Chamberlain Home Realty at $195,900. This listing's school district is Olean City School District. Nearby schools include Southern Tier Catholic School, Olean Senior High School and Olean Middle School. 633-635 South Union Street is a 0-bed, 0-bath, 4,000 sqft multi-family home built in 1910. This address can also be written as 633-635 S Union St.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chamberlain Home Realty