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3485 NY-16 - White Lantern Mobile Home Park 20 Unit Apartment Building Offered at $629,000 at a 9.12% Cap Rate Olean, NY 14760
Executive Summary
- 20 Total Units
- 19 Tenant-Owned Homes
- 1 Empty Lot
- Private Well System
- Private Septic System
Park has two addresses
- 3485 Route 16 North
- 1677 Fay Hollow Road
- Located in Cattaraugus County
- 19 Tenant-Owned Homes
- 1 Empty Lot
- Private Well System
- Private Septic System
Park has two addresses
- 3485 Route 16 North
- 1677 Fay Hollow Road
- Located in Cattaraugus County
Property Facts
| Price | $629,000 | Property Type | Multifamily |
| Price Per Unit | $31,450 | Lot Size | 4.00 AC |
| Sale Type | Investment | Average Occupancy | 95% |
| Cap Rate | 9.12% | No. Stories | 1 |
| Gross Rent Multiplier | 7.08 | Year Built | 1970 |
| No. Units | 20 |
| Price | $629,000 |
| Price Per Unit | $31,450 |
| Sale Type | Investment |
| Cap Rate | 9.12% |
| Gross Rent Multiplier | 7.08 |
| No. Units | 20 |
| Property Type | Multifamily |
| Lot Size | 4.00 AC |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1970 |
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Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
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3485 NY-16 - White Lantern Mobile Home Park