Address
3980 State Highway 7, Otego, NY
Price
$ 850,000
Property Attributes
  • MLS#R1519994
  • TypeCommercial
  • CountyOTSEGO
  • CityOtego
  • AreaOtego
  • Zip13825
  • StyleCommercial
  • Year Built1980
  • Taxes$ 14602
  • Price$ 850,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5827
  • Lot Size0.730005 Acres
Data Source:
Greater Rochester AOR (GRAR)
Property Description

PRESTIGOUS CAMELOT MANOR A TERRIFIC INVESTMENT OPPORTUNITY! THIS FABULOUS PACKAGE OFFERS 12+ ACRES, POND, GAZEBO, MANOR HOUSE, CARRIAGE HOUSE w/OFFICE & APARTMENT & A 7 UNIT BUILDING FOR A TOTAL OF 16 BEDROOMS & 9 BATHS IN THE 8 UNITS & 3,000+/- SQFT MANOR HOUSE HIGHLIGHTING STUNNING VAULTED ENTRANCE, STONE FIREPLACE, SPACIOUS EATIN KITCHEN, FORMAL DINING & LIVING ROOMS, 2 FULL BATHS & 3 BEDRMS. Carriage house has a newly added office allowing the owner or property manager a base of operation within the complex for bookkeeping and maintenance logs. Tenants also have the use of the gazebo overlooking the rolling greens and beautiful pond. Housing and terrific rental income can be yours with high rental demand located near Oneonta. Call today to schedule a viewing of all this amazing property has to offer! At full capacity, this commercial property generates $101,000 gross revenue. Available at $850,000

Price History
2/6/2024 Listed $850,000

General Features

Sewer SepticTank
Heating Oil,Baseboard
Possession Closing
Roof Asphalt,Flat,Membrane,Rubber,Shingle
Appliances ElectricCooktop,ElectricOven,ElectricRange,ElectricWaterHeater,FreeStandingRange,Oven,Refrigerator
Exterior Features BlacktopDriveway
Garage Spaces 0.0
Construction Materials Frame,Stone
Year Built 1980
Tenant Pays AllUtilities
Stories 2
Township Not Applicable
Levels Two
Property SubType Commercial
Gross Income 101000.0
OwnerPays GroundsCare,SnowRemoval
County Otsego
Net Operating Income 59096.0
Operating Expense 27302.0
Property Type CommercialSale
Garage Y/N No
Other Structures Barns,Outbuilding
Rent Includes CommonAreaMaintenance,SnowRemoval
Status Active
Directions From the corner of St Hwy 205 and St Hwy 7,drive south on St Hwy 7 for approximately 4 miles. Property is on the left with a Camelot Manor sign.
City Otego
High School District Unatego
Total Units 9
MLS Area Otego-364889
Lot Size Square Feet 31799.0
Waterfront Y/N No
Street Name State Highway 7
Year Built Details Existing
Tax Annual Amount 14602.0
Property Condition Resale
Days on Market 44
Standard Status Active
Middle/Junior School District Unatego
Elementary School District Unatego
Tax Assessed Value 564200
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 32
Property Sub Type Additional Commercial

Interior Features

Basement CrawlSpace,Full,WalkOutAccess
Flooring Carpet,Hardwood,Laminate,Varies,Vinyl
Furnished Y/N Unfurnished
Total Fireplaces 2
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Total Bedrooms 9

Exterior Features

Parking Features ThreeormoreSpaces,NoGarage
Lot Features FloodZone
Water Source Well
Lot Size Area 12.24
Building Area Total 5827.0
Lot Dimensions 226X1600
Lot Size Acres 12.24
Lot Size Units Acres
Road Frontage Type MainThoroughfare

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 13825

Price
AVG $1.37M
$850K
Taxes
AVG $21,270
$14,602
Visits
AVG 96
86
Data Provided by Inside Real Estate®
Year Built
AVG 1997
1980

Areas We Cover

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