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V/L-2 Putt Hill Road
About This Property
Nearly the entire parcel consists of productive open ground with gently rolling topography well suited for grazing livestock, hay production, hobby farming, or simply enjoying the rural landscape. A well-maintained pole barn, currently used for hay storage, offers immediate utility while providing valuable space for equipment, supplies, or future agricultural needs. A driveway already extends from the road to the barn, creating convenient access from day one.
The combination of open acreage, existing improvements, fencing, and available electric at the road creates an exceptional setting for a future country home, subject to municipal approvals. Whether your vision includes a small farm, horses, a recreational retreat, or a private homesite overlooking the surrounding countryside, this property provides a strong foundation to build upon.
As part of a larger farm subdivision, this parcel may also be purchased in combination with adjoining tracts, offering buyers the opportunity to expand their acreage and tailor the property to their individual needs, subject to final survey and seller approval.
With productive soils, scenic rolling fields, existing infrastructure, and multiple possibilities for agricultural, recreational, or residential use, this is an opportunity to own a highly usable piece of Chemung County countryside with room to grow.
Taxes TBD Upon Final Survey/Survey and Assessment
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 8, 2026 | Listed by Whitetail Properties Real Estate, LLC | $139,900 | |
| Listed by Whitetail Properties Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017