1350 State Route 41 Willet, NY 13863

Property Details for 1350 State Route 41

Year built

1860

Property type

Commercial real estate

Description

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.

Location Insight

City

Willet

County

Cortland

State

New York

Longitude

-75.8877

Latitude

42.4633