Davenport, NY 13750,32 Cole LN
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Davenport, NY 13750,32 Cole LN
Davenport, NY 13750,32 Cole LN
Davenport, NY 13750,32 Cole LN
Davenport, NY 13750,32 Cole LN

$80,000

Est. payment /mo

$99,000

19.2%
Est.Price: ?

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32 Cole LN Davenport, NY 13750

4.6 Acres Lot

SOLD DATE : 06/15/2023

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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Listed by Keller Williams Upstate NY Properties 607-431-2540
Bought with Charlotteville Realty
agent

Timothy Mulhern

Licensed Real Estate Salesperson | License ID: 10401374474

+1(716) 333-7939

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