$90,000
$120,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Lake ST Richfield, NY 13439
5,880 SqFt
Key Details
Sold Price $90,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $15
MLS Listing ID S1651369
Sold Date 03/31/26
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,810
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 43X0
Property Sub-Type Business
Property Description
An outstanding opportunity for investors seeking both immediate income and future development potential. This offering includes two separate parcels: a fully rented five-unit building and an adjoining vacant lot, providing flexibility for expansion, added parking, or long-term appreciation.
The building features a desirable mix of units:
Two 1-bedroom apartments
Three 2-bedroom apartments
Well-maintained and consistently leased, the property delivers strong, reliable cash flow. The additional lot opens the door to further value creation-whether you explore new construction, green space, or extended tenant amenities.
Located in a convenient and high-demand area, this package is ideal for both seasoned investors and those looking to strategically grow their portfolio.
Location
State NY
County Otsego
Area Richfield Springs-Village-365601
Zoning 1
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard, Hot Water
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Irregular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block,Wood Siding
Construction Status Existing
Schools
School District Richfield Springs
Others
Tax ID 365601-025-005-0001-030-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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CB Faith Broker
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Bought with Coldwell Banker Faith Properties Il
NEARBY SCHOOLS & BUSINESSES
CB Faith Broker