7 E Main Street

    Allegany, NY 14706
    • $159,900
    • STATUS: Active
    • ON SITE: 99 days
    • MLS #: R1251554
    $159,900
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,588
      SQFT
    • $17
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    This turn-key investment in Downtown Allegany is something to seriously consider. It is located two doors down from the corner of Main and 5th St. Currently the tenants are mostly associated with Saint Bonaventure. Tenants are responsible for their own electric, 5 out 6 units are heated with electric baseboard. One unit is heated with a gas heater. Hot water is heated with gas, the landlord pays gas and water. 15.89% Cap Rate includes taxes, insurance (~$2,600), and (~$2,000) in utilities. Approximately a 6.3 year payback under current rental income.

    Monthly Payment Calculator

    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor The Chip Hodgkins Team | Hunt Real Estate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than The Chip Hodgkins Team | Hunt Real Estate are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-05-24T07:13:43.667.
    www.hodgkinshomes.com/homes/103260048

    7 E Main Street Allegany, NY 14706

    • Price: $159,900
    • Status: Active
    • MLS #: R1251554
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    9,588
    SQFT
    $17
    $/SQFT
    1900
    Built
    Neighborhood:
    Allegany-Village-042001
    County:
    Cattaraugus
    Area:
    Allegany-Village-042001
    Elementary School:
    Allegany Elementary
    Middle School:
    Allegany-Limestone Middle
    High School:
    Allegany-Limestone High
    School District:
    Allegany-Limestone
    Property Description
    This turn-key investment in Downtown Allegany is something to seriously consider. It is located two doors down from the corner of Main and 5th St. Currently the tenants are mostly associated with Saint Bonaventure. Tenants are responsible for their own electric, 5 out 6 units are heated with electric baseboard. One unit is heated with a gas heater. Hot water is heated with gas, the landlord pays gas and water. 15.89% Cap Rate includes taxes, insurance (~$2,600), and (~$2,000) in utilities. Approximately a 6.3 year payback under current rental income.
    Exterior Features

    Construction Materials Aluminum SidingBrickSteel SidingCopper Plumbing Exterior Features Concrete Driveway Lot Features Residential Lot Parking Features One SpaceDriveway Road Frontage Type City Street Roof Built-UpMembraneRubberTar/Gravel Waterfront YN No

    Interior Features

    Appliances Electric CooktopElectric OvenElectric RangeRefrigerator Basement Full Cooling Zoned Fireplace YN No Fireplaces Total 0 Flooring CarpetLaminateVaries Heating ElectricGasZonedBaseboard Heating YN Yes Interior Features High Speed Internet Levels Two

    Property Features

    Electric Circuit Breakers Gross Income 43200 Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Other Rent Includes Hot WaterWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 6163 Utilities Cable AvailableSewer ConnectedWater Connected Water Source ConnectedPublic

    Listing information © 2020 CNYIS, GENRIS, WNYREIS. Listing provided courtesy of Howard Hanna Professionals.
    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor The Chip Hodgkins Team | Hunt Real Estate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than The Chip Hodgkins Team | Hunt Real Estate are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-05-24T07:13:43.667.
     
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