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3980 State Highway 7 Otego, NY $ 850,000
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3980 State Highway 7
$ 850,000
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3980 State Highway 7

Otego, NY, 13825
$ 850,000
Bedrooms9 Baths0.0 Sq 5,827

Monthly Estimate*

$ 5,649

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Commercial Property for sale in Otego, NY

for $850,000 with 9 bedrooms. This 5,827 square foot building was built in 1980 on a lot size of 12.24.

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

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Commercial Active

Price

$ 850,000

Bedrooms

9

Property Type

Commercial

Taxes

$ 14,602

Style

Commercial

Lot Size

12.24

Year Built

1980

Town/City

Otego

County/Region

Otsego

MLS | Web ID

R1519994
Features
General
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
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 94
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
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Interior
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
Main Level Bathrooms 0
Total Baths 0
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Exterior
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
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Internal Only
Street Number 1 3980
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* Excluded Features
List By
Care Brokerage

Broker

(607) 267-2683

Phone

Affordability Calculator

$6,866
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,649
Monthly Property Taxes
$1,217
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3773590 Elementary School
3773592 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/6/2024$850,000 Listed Price

Map

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3980 State Highway 7, Otego, NY, 13825 is a Commercial Property for sale at $850,000 with 5,827 sqft and a lot size of 12.24. 3980 State Highway 7 has 9 bedrooms, 0.0 baths, and was built in 1980. The property's zip code is 13825 which is in Otego, NY

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