2724 Route 16 North, Olean Town, NY 14760 - MLS #B398372

2724 Route 16 North
Olean Town, NY 14760
Olean Town, NY 14760
MLS #B398372
$118,00010 Units
Property Details
Owner says "SELL! Bring in your offers!" Looking for a project to generate income? This motel conversion to apartments is ideal! 3 types of apartments: 1) 2 rooms w/baths, 2) 2 bedrooms w/liv rm & kit area and 3) studio efficiency. Needs some TLC. Ideal for renting to individuals at St Bonaventure or Olean Hospital! **Taxes are estimates. Buyer should verify.**
- Property Type Apartments - Five or More Units
- Total Apartments 10
- 1 Bedroom Apartment 3
- 2 Bedroom Apartment 2
- 3 Bedroom Apartment 3
Community & Schools
- County Cattaraugus
- Area [NY SWIS Code] Olean- Town
- Amenities Included No Amenities
- Town or City Name Olean Town
- Island NA
- On Waterfront Y/N No
- School District Hinsdale
- Middle School Other - See Remarks
- Elementary School Other - See Remarks
Interior Features
- Stories 2
- Basement Description Slab
- Floor Description Ceramic-Some,Laminate-Some,Wall To Wall Carpet-Some
- Additional Interior Features Circuit Breakers-Some,Copper Plumbing-Some,Drapes-Some,Freestanding/Window AC,Natural Woodwork-Some,Laundry- Separate Hook ups- Some
- Fireplaces - Not Rep to Code 1
Exterior Features
- Square Footage 5778
- Lot Dimensions - Frontage 124
- Lot Dimensions - Depth 205
- Acres 0.58
- Lot Shape Rectangular
- Lot Information Commercial Zoning,Corner Lot,Primary Road
- Exterior Construction Composition,Wood
- Additional Exterior Features Cable TV Available,Patio
- Garage Spaces per Apt No Garage Spaces
- Parking Spaces per Apt 3 Or More Spaces
- Driveway Description Blacktop
- Roof Description Asphalt
Appliances & Utilites
- HVAC Type Baseboard Heat-Some
- Water Resource Well
- Water Heater/Fuel Oil
- Heating Fuel Description Oil
- Kitchen Equip/Appl Included Microwave(s)-Some,Refrigerator
- Number of Electric Meters 2
- Number of Heating Units 1
- Sewer Description Septic
Financial Details
- Income/Expense Information Provided By Owner
- Operating Expenses Include Other - See Remarks
- Rent Includes All Utilities,Apartments Furnished,Apartments Unfurnished,Grounds Maintenance,Refuse Removal,Snow Removal
- Total Taxes 5625
- Town/County Tax 1875
- School Tax 3750
- Assessed Value 139000
- Possible Financing Cash Only,Owner 1st
Miscellaneous Details
- Year Built 1965
- Year Built Description Existing
- Tax Map Number 046600-085-019-0001-028-000-0000
- Certificate of Occupancy Negotiable
- Possession After Closing
- Riparian Rights No
- Property Exclusions No
Map & Directions
Map for 2724 Route 16 North, Olean Town, NY 1476042.1167149-78.4150006
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Apartment Building real estate property, we have hundreds of addtional Olean Town real estate listings and homes for sale and Cattaraugus County real estate listings and homes for sale.
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