4755 State Highway 28
Hartwick, NY 13348
MLS #113007

Multi-Family
  • 5.56acres
$899,000
Est. P&I payment: $3433.57/mo
4755 State Highway 28, Hartwick, NY 13348
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Description for 4755 State Highway 28, Hartwick, NY 13348
TURN KEY Investment! All furniture and decor is included!! The centrally located Federal House is a well-established Dreams Park Rental with an occupancy rate of 96% and an annual gross income of over $130,000, 0.9 miles to Dreams Park, 4.2 miles to Cooperstown and Cooperstown Schools. The Federal House is completely booked for the 13 weeks summer season of 2018, the Apartments are 98% booked. The Federal House includes a Main house and a separate new Apartment Duplex building, they can be rented separately or all together. The main house built in 1814 updated in 2003 with all the modern amenities, including central AC and an in-ground pool. The home's original character is still evident by the beautiful wide plank hardwood floors, moldings, a center hall leading to the upstairs provides that grand federal feel to the home. A downstairs master suite allows for first floor living, the house has 5 bedrooms and 3 baths, built-ins and ample storage space. The new Duplex Apartment built in 2005 is two separate two story apartments, mirror images of each other. Contemporary, spacious open floor plan, 2 bedrooms and 2 full bathrooms in each apartment, separate private entrances and private balconies. The apartments have a shared laundry room with a large deck off the back. Perfect for short-term summer rentals and long term winter rentals. The yard is very large with room to grow on this 5.56 acre parcel, build commercial or residential on the remaining land. The options are endless with this unbelievable property. Call today for you private showing!! Access the short-term summer rental listing: http://www.cooperstownstay.com/Cooperstown-Rental-House/Federal-House
MLS #113007
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My Notes for MLS #113007

General Features

  • Property Type: Multi Family
  • Property Subtype 1: Multi Family
  • County: Otsego
  • Year Built: 1814

Exterior Features

  • Exterior: Balcony,​Pool,​Deck,​Porch,​Patio
  • Style: Colonial,​Contemporary,​Duplex,​2 Story
  • Acres: 5.56
  • Lot Measurement: Acres
  • Lot Size Source: (Tax Records)
  • Lot Square Footage: 242,194
  • Color: Beige
  • Construction: Frame,​Post-Beam
  • Foundation: Concrete Block
  • Insulation: Yes
  • Roof: Asphalt Shingle

Interior Features

  • Bedrooms: 9
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Square Footage Source: Estimated
  • Interior: Ceiling Fan(s),​High Speed Cable,​On Demand Hot Water,​Walk-In-Closet,​Water Filtration Sys
  • Basement: Partial
  • Floor: Ceramic Tile,​Vinyl,​Wood
  • # of Furnaces: 3

Utility Features

  • Electric: 200 Amps
  • Heat/Cool Type: Central AC,​Forced Air Heat,​Propane Heating
  • # Hot Water Heaters: 2
  • Hot Water: Propane
  • Sewer: Septic System
  • Water: Well

Financial Features

  • Tax Id: 162.00-1-3.22
  • Lease Type: Net
  • Assessment: 354,000
  • Income: 133,790.07
  • Expense: 69,985.62
  • School Tax: 4,100.95
  • Town/City Tax: 2,677.85
  • Terms: Cash

School Features

  • School District: Cooperstown

Location

 
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Directions to 4755 State Highway 28, Hartwick, NY 13348
From Main Street Cooperstown, travel south on Route 28 for 4.2 miles. Beige House on the right. See real estate sign as well as Federal House sign.
The listing information for 4755 State Highway 28, Hartwick, NY 13348 was graciously provided by our friends at the listing brokerage, Keller Williams Upstate NY Properties

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P&I Payment $3433.57
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Sue Darling's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Sue Darling, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/17/2017 at 12:20pm
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