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Key Details
Sold Price $40,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,608 sqft
Price per Sqft $15
MLS Listing ID B1620966
Sold Date 09/19/25
Style Fourplex
Bedrooms 5
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,438
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33X132
Property Sub-Type Multi Family
Property Description
Here is a money making apartment house, There are 4 apartments. One of them is empty. All the utilities are separated including the water, however the owner is responsible for collecting the water bill plus the rent.
The seller would like to sell this house plus the neighboring house, 1025 Spruce St, together. Of course at this price there are improvements to be made, but there is so much potential. All the tenants want to stay. There are a couple of garages that need to be torn down. The total income for this house is $1,800 per month. There is plenty of off street parking. Take a drive and check out the neighborhood.
Location
State NY
County Cattaraugus
Area Olean-City-041200
Rooms
Basement Dirt Floor, Full
Interior
Heating Gas, Gravity, Space Heater, Wall Furnace
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Fiber Cement,Frame,Vinyl Siding
Construction Status Existing
Schools
School District Olean
Others
Senior Community No
Tax ID 041200-094-048-0001-010-000-0000
Acceptable Financing Cash, Rehab Financing
Listing Terms Cash, Rehab Financing
Financing Cash
Special Listing Condition Estate
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