204 North Barry Street

Olean, NY 14760

$189,000
Price
8
Beds
5
Baths
2,950 Sq. Ft.
$64 / Sq. Ft.
2,950
Sq. Ft.
$64
per Sq. Ft.

Description

This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.This is a 5 unit apartment complex located in downtown Olean next to JCC. Zoned Commercial. 3 of the units are currently rented by long term tenants that pay on time. The 4th unit is vacant and ready to move in. The 5th unit is under construction. The Broker/Appraiser estimates the gross yearly rent to be $48,000 annually with a $28,000 Net profit. The CAP rate at full asking price is 15.8 %. 5 total units, 8 total bedrooms, 5 total bathrooms. Off Street parking. 2 minute walk to downtown Olean.
  1. Listed by James Dwaileebe • 3D Real Estate LLC
    P: (716)-307-2300 C: (716)-307-2300 jamesdwaileebe@gmail.com

Property Details for 204 North Barry Street

Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
Parking Available
Nearest Cross Street
E State St
LISTING UPDATED: 09/07/2024 10:51 AM

Property Details for 204 North Barry Street

StatusActive
MLS #B1562789
Days on Market82
Taxes$3,249 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1930
Lot Size0.15 AC / 6,500 SF
CountyCattaraugus County

Building Information for 204 North Barry Street

Stories2Residences4Year Built1930Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 204 North Barry Street

Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $3,249.00
Property
Lot Information
  • Building Area Source: Appraiser
  • Building Area Total: 2950.0
  • Land Features: Rectangular
  • Lot Size Square Feet: 6500.0
  • Lot Size Units: Acres
  • Parcel Number: 94.065-4-18
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $81,000
  • Year Built: 1930
  • Year Built Description: Existing
  • Zoning Description: Commercial
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 5
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Crawl Space
  • Num Of Possible Bedrooms: 8
  • HVAC Type: Zoned
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Heating: Gas, Zoned
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 2950.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expense Includes: Electric, Fuel, Insurance, Maintenance Structure, Maintenance, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: ,Dining Area With Living Room
  • Unit Type Total Rent: $600.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Unit 2
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Den/Family Room
  • Unit Type Total Rent: $600.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Unit 3
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Dining Area With Kitchen
  • Unit Type Total Rent: $650.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 650
Unit 4
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Den/Family Room
  • Unit Type Total Rent: $800.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 800
Rental
Rental Information
  • Rent Includes: All Utilities
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 204 North Barry Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 204 North Barry Street

Taxable ValueLand$7,500Additions$53,500Total$61,000
Home Facts
Total Finished SqFt2,247 SqFtAbove Grade Finished SqFt2,247 SqFtStories2Lot Size6,450 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyCATTARAUGUSAPN041200 94.065-4-18

Schools near 204 North Barry Street

This home is within Olean City School District.
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

Washington West Elementary School
PublicPK to 3

East View 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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204 North Barry Street is a multi-family home for sale in Olean, NY 14760. This property was listed for sale on September 3, 2024 by 3D Real Estate LLC, it's currently listed at $189,000. It has been on the market for a total of 82 days and was last sold on October 3, 2014. This listing's school district is Olean City School District. Nearby schools include Olean Middle School, Olean Senior High School and Washington West Elementary School. 204 North Barry Street is a 8-bed, 5-bath, 2,950 sqft multi-family home built in 1930.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 3D Real Estate LLC

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.