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Barry Street Apartments 204 N Barry St

5 Unit Block of Flats £148,044 (£29,609/Unit) 15.80% Net Initial Yield Olean, NY 14760

Executive Summary

Prime investment oppourtunity. 5 UNITS. ZONED COMMERCIAL. OFF STREET PARKING. 3 UNITS ARE CURRENTLY RENTED WITH LONG TERM GOOD PAYING TENANTS. THE 4TH UNIT IS VACANT AND READY TO RENT. THE 5TH UNIT IS UNDER CONSTRUCTIONS. MARKETS RENTS ARE $48,000 PER YEAR WITH A 15% NOI. CALL FOR MORE PICTURES AND MORE DETAILS

Property Facts

Price £148,044 Building Class C
Price Per Unit £29,609 Lot Size 0.15 AC
Sale Type Investment Building Size 2,950 SF
Net Initial Yield 15.80% Average Occupancy 80%
No. Units 5 Number of Floors 2
Property Type Residential Year Built 1930
Property Subtype Apartment Parking Ratio 0.34/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £148,044
Price Per Unit £29,609
Sale Type Investment
Net Initial Yield 15.80%
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 2,950 SF
Average Occupancy 80%
Number of Floors 2
Year Built 1930
Parking Ratio 0.34/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
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Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 041200-094-065-0004-018-000-0000 Improvements Assessment £41,907
Land Assessment £5,875 Total Assessment £47,781

PROPERTY TAXES

Parcel Number
041200-094-065-0004-018-000-0000
Land Assessment
£5,875
Improvements Assessment
£41,907
Total Assessment
£47,781

zoning

Zoning Code R3 (ZONED COMMERCIAL)
R3 (ZONED COMMERCIAL)
(716) 307-2300

Contact

  • Listing ID: 33111964

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 204 N Barry St, Olean, NY 14760

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204 N Barry St, Olean, NY for sale Primary Photo- Image 1 of 5
Exterior
204 N Barry St, Olean, NY for sale Building Photo- Image 2 of 5
Parking
204 N Barry St, Olean, NY for sale Building Photo- Image 3 of 5
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204 N Barry St, Olean, NY for sale Building Photo- Image 4 of 5
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© 2024 CoStar Group

Barry Street Apartments | 204 N Barry St
(716) 307-2300 x

Barry Street Apartments | 204 N Barry St

James Dwaileebe

(716) 307-2300

(716) 307-2300

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