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Property Description

A money making gem! Invest in the beautiful village of Cooperstown, NY! Storybook House Apartments…This five unit rental property is rented 12 months a year; 3 Months in the summer at weekly rates to baseball tourists and then 9 months at monthly rates. It produces over $45,000 in NET income per year. This special property includes two tax parcels. 2nd tax parcel includes parking lot and potential for expansion. Located in the perfect location, in village, close to dining, Bassett hospital and convenient to the Cooperstown Dreams Park. It has an excellent rental history with nearly every week in the summer rented for three units and then consistently fully rented for Sept-May. Every apt. is currently rented! Newer roof, re-pointed chimney, new water and sewer lines in 2013. This investment has been steadily improved upon and well maintained. Purchase now to take advantage of steady rental income and next summer’s tourist season. Those weekly rentals are being filled now!