$80,000
$99,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
32 Cole LN Davenport, NY 13750
4.6 Acres Lot
Key Details
Sold Price $80,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OD137414
Sold Date 06/15/23
Construction Status Existing
HOA Y/N No
Annual Tax Amount $2,211
Lot Size 4.600 Acres
Acres 4.6
Property Description
Passive income is the name of the game and this affordable property offers FIVE passive income generators comprised of four lot rents and a billboard. The land alone is worth the money, situated with loads of road frontage just outside Davenport, not far from Oneonta. There's a beautiful lake on one side, loaded with fish, birds (including a bald eagle and blue cranes), beavers, and deer. Add in a well and two septic systems and zoning for a four unit MFH park and you see why this property is not going to last long on the market! Currently the billboard is rented for $1,000/year and the two active lots are generating $200/month. Area lot rents are $300/month. Fully optimized the property could gross in excess of $15,000 per year! Minimal expenses make for an incredible ROI. Property taxes are only $2212.17/year. There are no water costs or need to treat water as park is under the necessary state threshold. Tenants pay their own utilities. Video available upon request.
Location
State NY
County Delaware
Area Davenport-122600
Direction On left after Cole's Truck Parts.
Interior
Heating Other, See Remarks
Exterior
Roof Type Other,See Remarks
Total Parking Spaces 10
Building
Sewer Septic Tank
Water Well
Construction Status Existing
Schools
School District Charlotte Valley
Others
Tax ID 27.-2-34.43
Financing Cash
Special Listing Condition Standard
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Bought with Charlotteville Realty