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    304 Wade Rd Liberty, NY 12754

    For Sale
    $1,200,000

    Nine-unit income property on 8 acres. High rental potential.

    Property size:
    4,656 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a unique nine-unit income-producing property situated on a sprawling 8.07-acre lot in Liberty, NY. The property comprises multiple structures, offering a diverse range of rental units. A three-bedroom home, complete with its own separate meter and heating system, is included. Two additional two-bedroom duplex-style units provide four more rental units. An additional apartment building located behind the homes offers another four units. Currently, three units generate rental income, while a fourth unit serves as a community clubhouse, equipped with a full kitchen and bathroom. This space is easily convertible into an additional rental unit, significantly increasing the property's income potential. The property also boasts several outbuildings, providing ample storage and versatile space. The property is located within the Tri-Valley School district and is subject to Fallsburg taxes. This multifaceted rental property offers a tranquil setting and a strong income stream. An additional 5 acres of land across the street are available for purchase, presenting an opportunity for expansion. The property features oil-fueled heating and ample storage. The total square footage is 4,656. This property is priced at $1,200,000.

    Property Features for 304 Wade Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,656 SF
    Lot Size
    351,529 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Clothing Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Sullivan County
    State
    New York
    Longitude
    -74.68654
    Latitude
    41.79483

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    FAQs

    What type of property is this?
    Commercial real estate - Nine-unit income property on 8 acres. High rental potential.
    Where is this commercial real estate located?
    The property is located at 304 Wade Rd Liberty, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (845) 866-4673
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 Wade Rd Liberty, NY 12754
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