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150 Kenmore Road, Old Forge, NY 13420

$735,000
Property Type: Residential Income Square Footage: 4,200 Lot Size (sq. ft.): 43,560 Status: Closed
Current Price: $735,000 List Date: 6/28/2014 Last Modified: 8/31/2024

Description

Four, well maintained camps located on a beautiful lot on Fourth Lake. Currently run as a seasonal cottage business with larger house kept for the owners and friends. If rented, the largest cottage would be $2500 per week in the summer. It could also be winterized for year round living. Cozy Cottage is fully winterized and is rented for the winter season for $4000.and tenant pays all utilities. Opportunity to earn a nice income from the rental of the three cottages and live in one. All systems have been upgraded and are new since 2000. Located on the sunny north shore of the lake and there is a beautiful dock and sandy beach area. Walk in and start earning income today!

More Information MLS# 150159

Location, Tax, and Legal

Tax Annual Amount: 7345 Tax Assessed Value: 692600 APA: Moderate Intensity Deed Date: 2000-05-30

General Property Information

Lot Size Dimensions: 100 X 450 Fireplace YN: Yes Number of Units: 8 Building Area Total: 4200 Year Built: 1910 Open Parking Spaces: 10 Lot Size Acres: 1 Waterfront YN: 1 Water Body Name: Fourth Lake

Status Change Information

Status Change Timestamp: 2014-12-29 Buyer Financing: Seller Financing Concessions Amount: 0 Major Change Timestamp: 2014-12-29T20:45:38Z Major Change Type: Status Change Under Contract Date: 2014-08-04 Close Date: 2014-12-29 Close Price: 735000

Appliances

Dishwasher: 1 Dryer: 1 Electric Oven: 1 Electric Range: 1 Electric Water Heater: 1 Refrigerator: 1 Washer: 1

Basement

Partial: 1

Construction Materials

Vinyl Siding: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 882 Volume: 1445

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1 Survey: 1

Electric

200+ Amp Service: 1

Exterior Features

Dock: 1 Storage: 1

Heating

Baseboard: 1 Electric: 1

Interior Features

Ceiling Fan(s): 1

Listing Terms

Cash: 1 Conventional: 1

Other Structures

Outbuilding: 1

Parking Features

Deck: 1 No Garage: 1

Road Frontage Type

Private Road: 1

Road Surface Type

Gravel: 1

Roof

Composition: 1

Special Listing Conditions

Standard: 1

Structure Type

Multiple Buildings: 1

Utilities

Internet Available: 1

View

Lake: 1 Mountain(s): 1 Water: 1

Water Source

Well Drilled: 1

Waterfront Features

Lake: 1

Window Features

Insulated Windows: 1

Income and Expenses

Gross Income: 65000 Lawn Care/Snow Removal Expense: 0 Insurance Expense: 3064 Net Operating Income: 53600 Other Expense: 2952

Owner Pays

All Utilities: 1

Unit One

Unit #: 1 Actual Rent: 4000 Bathrooms Full: 1 Beds Total: 3 Leased: Yes Total SqFt: 900

Unit Two

Unit #: 2 Actual Rent: 6000 Bathrooms Full: 2 Beds Total: 4 Leased: Yes Total SqFt: 1375

Unit Three

Unit #: 3 Actual Rent: 1800 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 405

Unit Four

Unit #: 4 Bathrooms Full: 2 Beds Total: 4 Total SqFt: 1512

Unit Five

Leased: No Total SqFt: 0

Unit Six

Leased: No Total SqFt: 0

Unit Seven

Leased: No Total SqFt: 0

Unit Eight

Leased: No Total SqFt: 0

Showing Requirements

24 Hour Notice: 1

Contract Information

Current Price: $735,000 Sold Price: $735,000 Status: Closed Listing Contract Date: 2014-06-28 Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 150 Street Name: Kenmore Street Suffix: Road County: Herkimer State: NY Postal Code: 13420 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Webb Parcel Number: 039.31-1-16 Zoning: Mixed Directions: Route 28 to Kenmore Cottages sign between Eagle Bay and Old Forge. Take drive to Kenmore cottages and take right hand turn at the Timm Associates sign.

Unit Details

Number Of Units Leased: 4

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer Basement: Partial Construction Materials: Vinyl Siding; Wood Siding Cooling: None Documents Available: Deed; Lead Paint; Property Condition; Survey Electric: 200+ Amp Service Exterior Features: Dock; Storage Heating: Baseboard; Electric Interior Features: Ceiling Fan(s) Listing Terms: Cash; Conventional Other Structures: Outbuilding Owner Pays: All Utilities Parking Features: Deck; No Garage Road Frontage Type: Private Road Road Surface Type: Gravel Roof: Composition Special Listing Conditions: Standard Structure Type: Multiple Buildings Utilities: Internet Available View: Lake; Mountain(s); Water Water Source: Well Drilled Waterfront Features: Lake Window Features: Insulated Windows Showing Requirements: 24 Hour Notice
Listing Courtesy of Timm Associates Sothebys International Realty
IDX
Information deemed reliable but not guaranteed.
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