184 Main Street
About This Property
Beautifully maintained property offers Exceptional versatility, comfort, and investment potential.
Newly renovated Ranch home offering 3 bedrooms, 2 baths on 1.23 ACRES and bordering the Flax Island Creek in Otego, NY is an amazing value and comfortably accommodates 8 guests. The main level offers easy Ranch style living, while the finished full walkout lower level provides additional living and entertaining space. Enjoy the beautiful deck from the dining room overlooking scenic views, or relax under the covered patio listening to the peaceful creek.
New features include: New kitchen appliances, Vinyl plank waterproof flooring, a New remodeled full bathroom on the first level. Stackable washer and dryer in the King size bedroom.
This home has CENTRAL AIR! Roof on Main home only 10 years old.
The lower level has two more bedrooms with the larger b/r having its own private entrance with sliding glass doors. Another full bathroom with a second laundry area. The second living room also has sliders out the the covered patio.
Additional highlights: Attached one car garage built in 2000 is also heated. Blacktop CIRCULAR driveway with an additional Blacktop driveway down to the large Quonset hut which has heat, water, electric, and wood stove that can hold 2 more vehicles or potentially be converted into additional living space or apartment use. Plus, a separate pole barn for two more vehicles or equipment. Also, additional storage shed. You can have a 5 car garage for all the cars or equipment you have been hoping to find.
Over $30,000 generated in baseball rentals and located just 7.6 miles to All Star Village in Oneonta, NY
Whether you are searching for a profitable investment property, or the perfect family home, this one has it all. With low inventory in today's market, this rare offering is not to be missed!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017