3980 State Highway 7
Otego, NY 13825
MLS #108920

Multi-Family
  • 12acres
  • 9,400sq ft
$525,000
Est. P&I payment: $2005.14/mo
3980 State Highway 7, Otego, NY 13825
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Description for 3980 State Highway 7, Otego, NY 13825
TRIPLE PLAY: Three rental houses with a total of EIGHT incomes. Main Georgian Colonial has six apartments. (Three studio apartments, Three - 2 bedroom (upstairs w/skylights & open deck, first floor back of house, large kitchen, laundry, fenced yard off back open deck and first floor large bedroom with an up and down floor plan.) Then there is the carriage house, which has vaulted ceilings, updated kitchen, large LR, 4 Bedrooms, laundry closet room, heated glassed closed in porch. Then lastly is the Manor, which has vaulted ceilings, full eat in kitchen, stone fireplace, vaulted main entrance, DR, LR, two full baths and three bedrooms. All situated on 13 acres of sweeping lawn, pasture (fenced), with pond and gazebo. Consistent income earner for over 40 years. Potential for increased income is here with 12 acres to develop. Horse barn with stalls still intact. Bring the horses OR renovate into more rentals! Two septic's and two wells. 6'' Seamless gutters which drain out a way from the house. Property has been maintained. Main house is all electric with some apartments having a pellet stove. Only cost to the owner is the common electric and maintenance. Opportunity is here! Do the numbers and get all the details to make your Real Estate Investment today!
MLS #108920
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My Notes for MLS #108920

General Features

  • Property Type: Multi Family
  • Property Subtype 1: Multi Family
  • County: Otsego
  • Year Built: 1850

Exterior Features

  • Exterior: Pond,​Barn,​Deck,​Porch,​Other,​Patio
  • Style: Colonial
  • Acres: 12
  • Lot Measurement: Acres
  • Lot Size Source: (Estimated)
  • Lot Square Footage: 522,720
  • Color: White
  • Construction: Frame,​Post-Beam
  • Foundation: Stone
  • Insulation: Yes
  • Roof: Asphalt Shingle,​Rubber

Interior Features

  • Bedrooms: 14
  • Bathrooms: 9
  • Full Bathrooms: 9
  • Square Footage: 9,400
  • Square Footage Source: Estimated
  • Interior: Cathedral Ceiling,​Ceiling Fan(s),​High Speed Cable,​Kitchen Isle,​Pellet Stove,​Skylight(s)
  • Basement: Partial
  • # of Fireplaces: 4
  • Floor: Carpet,​Tile,​Wood
  • # of Furnaces: 1
  • # of Garage Spaces: 2
  • Garage Type: Detached
  • Possible Bedrooms: 0

Utility Features

  • Electric: NYSEG
  • Heat/Cool Type: Electric Heat,​Forced Air Heat,​Oil Heating,​Pellet Stove
  • # Hot Water Heaters: 8
  • Hot Water: Electric
  • Sewer: Septic System
  • Water: Well
  • Water/Sewer Fee: 0

Financial Features

  • Tax Id: 308.00-1-32.01
  • Lease Type: Net
  • Assessment: 564,200
  • Income: 67,860
  • Expense: 15,303
  • School Tax: 5,901.84
  • Town/City Tax: 4,422.63
  • Village Tax: 0

School Features

  • School District: Unatego

Location

 
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Directions to 3980 State Highway 7, Otego, NY 13825
I88 off Exit 12 or Exit 13 on State Hwy 205/23. State Hwy 7. From Exit 12 headed East 5 miles on the right. From State Hwy 205 2 miles property on your left.

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P&I Payment $2005.14
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The listing information for 3980 State Highway 7, Otego, NY 13825 was graciously provided by our friends at the listing brokerage, Keller Williams Upstate NY Properties
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on CENTURY 21 Chesser Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. CENTURY 21 Chesser Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 03/23/2017 at 6:00pm
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