Unadilla, NY 13849,1011 NY-7
Unadilla, NY 13849,1011 NY-7
Unadilla, NY 13849,1011 NY-7
$499,000
Est. payment /mo
$499,000
Est.Price: ?

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13,000 SqFt
SOLD DATE : 01/11/2024

Key Details

Sold Price $499,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 13,000 sqft

Price per Sqft $38

MLS Listing ID R1468659

Sold Date 01/11/24

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $9,991

Lot Size 68.210 Acres

Acres 68.21

Lot Dimensions 1120X3000

Property Description

Excellent as a pure investment, or live in one and rent the rest! This cash cow features a lucrative portfolio of rentals on one contiguous 68+ acre property just 20 minutes from Oneonta. Rent revenue comes primarily from the five long term residential units (a sixth studio can also be rented) with diversification built in from storage spaces, a wresting club, and a short term rental cabin. There is huge opportunity to expand the short term rental income with all the extra acreage. In 2022 the property grossed $67,000+ with net operating income over $43,000. The property includes a farmhouse with a large apartment and studio, four single wides, a large barn, a rustic off-grid cabin (featured on Air BnB), and 68+ gorgeous acres of with beautiful views of the surrounding valley. The cap rate of 11% is calculated based on the rental units on 7 acres. The additional 60+ acres will also convey, valued at $1,750/acre. The property is stunning, with blossoming bushes, trees and flowers, lush lawns, and a huge hedge of yellow forsythia. A small greenhouse is a fun bonus. Trails wind through the forest to the top of the mountain and beyond, with 360 degree views. *Video & 3D Tour Available*

Location

State NY

County Otsego

Area Unadilla-366289

Zoning Rural Res

Direction Sign on right if traveling from Unadilla on Route 7.

Rooms

Basement Partial

Interior

Interior Features Bedroom on Main Level

Heating Electric, Propane, Oil, Forced Air, Hot Water

Flooring Hardwood, Linoleum, Varies, Vinyl

Fireplace No

Exterior

Waterfront No

Roof Type Asphalt,Membrane,Metal,Rubber

Handicap Access Accessible Bedroom, Accessible Approach with Ramp

Total Parking Spaces 15

Garage Yes

Building

Story 2

Sewer Septic Tank

Level or Stories Two

Structure Type Frame,Other,See Remarks,Wood Siding

Construction Status Existing

Schools

School District Unatego

Others

Tax ID 337.00-1-33.01

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

Special Listing Condition Standard

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KW Upstate New York Properties

KW Upstate New York Properties

+1(607) 431-2540

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Keller Williams Upstate NY Properties • 607-376-7509
Bought with Coldwell Banker Sexton Real Estate

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KW Upstate New York Properties

+1(607) 431-2540

Broker | License ID: 10991215115

Broker License ID: 10991215115

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