CENTURY 21 Chesser Realty
607-432-7653
416 Chestnut Street
Oneonta, NY 13820

1605 State Hwy 26, Otselic, NY 13155 - MLS# 112208

$89,900

Fantastic investment opportunity! South Otselic multi-family and commercial building - home to the South Otselic Post Office w/ long-term lease. Two apartments - huge 1 bedroom unit (could add a 2nd bedroom); 2 bedroom unit with double vanity. Third floor is Meeting Space / Community Center with large 1/2 bath - but could easily been converted to 2 or 3 bedroom apartment. Laundry hookups onsite for coin-op usage by tenants. 2 Car attached garage. New septic installed 2015. Separate electric - 5 total. Good investment as-is; even better potential with 3rd floor conversion to apartment!

General Features

  • County: Chenango
  • Property Type: Commercial
  • Property Subtype 1: Commercial
  • Current Use: post office, residential, meeting space
  • Possession: at closing

Exterior Features

  • Acres: 0.1500
  • Lot Measurement: Acres
  • Lot Size Source: (Tax Records)
  • Lot Square Footage: 6,534
  • Construction: Frame
  • Foundation: Poured Concrete,Stone
  • Insulation: Unknown
  • Lot Dimensions: 42 x 167 (approx)
  • Over Head Doors: Yes
  • Roof: Asphalt Shingle
  • Parking: on site
  • RR Side: No

Interior Features

  • Bedrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Square Footage: 5,380
  • Square Footage Source: Estimated
  • Basement: Full,Walk-Out
  • Floors: Carpet,Vinyl,Wood

Utility Features

  • Electric: 200 Amps, CB, NYSEG
  • Heat/Cool Types: Baseboard Heat,Oil Heating
  • Sewer: Septic System
  • Water: Public Water Supply

Financial Features

  • Terms: None
  • Assesment: 25000.00
  • Tax Id: 65.11-1-25
  • Est. Gross Income: 27249.96
  • Est. Net Expense: 10836.00
  • Inventory: 2 ranges, 2 refrigerators
  • School Tax: 928.49
  • Town/County Tax: 1047.67
  • Village/City Tax: 0.00
  • Water/Sewer Fee: 85.00
  • Lease Type: Net
The listing information for 1605 State Hwy 26, Otselic, NY 13155 was graciously provided by our friends at the listing brokerage, Chenango County Realty

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Last Updated 11/23/2017 at 6:29pm