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    1350 State Route 41 Willet, NY 13863

    Sponsored
    For Sale
    $225,000

    Prime rural location, multi-unit potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity in Willet, NY, presents a unique blend of residential and potential commercial income. The property, situated on a sizable lot below State Route 41 along Willet Creek, features a two-story home divided into two separate units, providing immediate rental income potential. Adding to the income stream are nine existing trailers, offering further rental opportunities. Three additional pads are available for placement of more trailers, significantly expanding the property's revenue potential. A detached garage is also included, currently unfinished but possessing the framework for conversion into an additional apartment unit, further increasing the property's rental capacity. The property boasts a desirable rural setting with ample yard space, offering tenants a tranquil environment. The existing structures provide immediate income, while the undeveloped potential offers significant upside for future development and increased profitability. This property is ideal for an investor seeking a diversified portfolio with strong rental income and substantial growth potential. The property's location along Willet Creek adds to its unique appeal. This is a rare opportunity to acquire a multi-faceted investment property in a desirable rural setting.

    Property Features for 1350 State Route 41

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1860
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Willet
    County
    Cortland
    State
    New York
    Longitude
    -75.8877
    Latitude
    42.4633

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    FAQs

    What type of property is this?
    Commercial real estate - Prime rural location, multi-unit potential.
    Where is this commercial real estate located?
    The property is located at 1350 State Route 41 Willet, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    (607) 729-5500
    Request Owner's contact information
    1350 State Route 41 Willet, NY 13863
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    Willet, NY 13863
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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
    1350 State Route 41 Willet, NY 13863
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