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  5. 32 Cole Lane
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Full details for Other For Sale in Davenport, New York

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Description

Passive income is the name of the game and this affordable property offers FIVE passive income generators comprised of four lot rents and a billboard. The land alone is worth the money, situated with loads of road frontage just outside Davenport, not far from Oneonta. There's a beautiful lake on one side, loaded with fish, birds (including a bald eagle and blue cranes), beavers, and deer.Add in a well and two septic systems and zoning for a four unit MFH park and you see why this property is not going to last long on the market!Currently the billboard is rented for $1,000/year and the two active lots are generating $200/month. Area lot rents are $300/month. Fully optimized the property could gross in excess of $15,000 per year! Minimal expenses make for an incredible ROI. Property taxes are only $2212.17/year. There are no water costs or need to treat water as park is under the necessary state threshold. Tenants pay their own utilities. Back to listing
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