Property Description
Prime value-add investment opportunity at Cherry Lane in Liberty, NY, featuring a5 -acre parcel with 12 mobile home units and strong upside potential. The property is currently underperforming but has the potential to reach approximately $240,000 in annual income once renovated and properly managed. With well and sewer water infrastructure already in place and an estimated $360,000 renovation budget, this asset is ideal for an investor looking to reposition, increase rents, and unlock significant long-term cash flow in a growing upstate market.
Great for an investment or for your own group. ARV IS 16-18 CAP
Features
- Sewer:
- Public Sewer
- Utilities:
- Cable Available, Electricity Available, Natural Gas Connected, Water Connected
Address Map
- City:
- Liberty
- State:
- NY
- Street:
- Cherry
- Street Number:
- 2
- Street Suffix:
- Lane
- Postal Code:
- 12754
- Floor Number:
- 0
- Longitude:
- W75° 15' 12.1''
- Latitude:
- N41° 48' 4.4''
- PostalCity:
- Liberty
Additional Information
- Elementary School:
- Liberty Elementary School
- High School:
- Liberty High School
- Agent MlsId:
- 68110
- MiddleOrJunior School:
- Liberty Middle School
- PhotosCount:
- 8
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $9,876
- Water Source:
- Well
- Office MlsId:
- LKIN01
Land - MLS# 974929
2 Cherry Lane, Liberty, NY
5 Acre
$599,999
Listing ID #974929
Basic Details
- Property Type :
- Land
- Property SubType :
- Condominium
- Listing Type :
- For Rent
- Listing ID :
- 974929
- Price :
- $599,999
- Bathrooms Total :
- 0
- Lot Area :
- 5 Acre
- Status :
- Active
- Listing Agent :
- Eidel Moses
- Listing Office :
- Rodeo Realty Inc
Agent info
Coldwell Banker American Homes
284 West Park Ave
Contact Agent
Walkscore
