Theresa A. Arnold

970 State Route 26, Georgetown, NY 13072

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Property Description

Income-producing mixed-use property with significant value-add potential in Georgetown, NY. Formerly known as the Georgetown Inn, this mixed-use building offers multiple income streams and flexible zoning for both residential and commercial use. The property currently features three apartment units, including a fully remodeled 3-bedroom, 1-bath first-floor apartment that is move-in ready and ideal for immediate rental income. Upstairs, a 2-bedroom, 1-bath apartment is currently occupied and will be delivered vacant at closing, providing flexibility for owner occupancy or market-rate leasing. A second 2-bedroom, 2-bath apartment is well underway, with remaining materials included in the sale, offering an opportunity to increase rental income with minimal additional investment. The former bar and commercial space presents another value-add opportunity. Restore it as a business, create office space, or explore conversion to an additional residential unit (subject to approvals). The space already includes multiple rooms, a bathroom, and basement access. With mixed-use zoning, multiple residential units, expansion potential, and the ability to create additional cash flow, this property offers investors, entrepreneurs, and owner-occupants a rare opportunity to build equity while generating income. Bring your vision and unlock the full potential of this landmark property.

970 State Route 26 | MLS# S1674260

This home located at 970 State Route 26, Georgetown, NY 13072 is currently listed for sale with an asking price of $165,000. This property was built in 1847 and has 7 bedrooms and 4 full baths with 5644 sq. ft. State Route 26 is located within the Otselic Valley school district. Search Georgetown real estate on terri-arnold.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Multiple
Basement: DirtFloor, Full
Garage: 2
Heating: Oil, Baseboard, ForcedAir
Home Style: Fourplex
Lot Size: 0.31 Acres
Stories: 2.0
Taxes: $3,163
Year Built: 1847

Amenities

CeilingFans

Feature Descriptions

Appliances: ElectricWaterHeater
Days on Site: 53
Exterior: WoodSiding
Flooring: Carpet, Hardwood, Other, SeeRemarks, Tile, Varies
Laundry: WasherHookup
Lot: Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 89X138
Parcel#: 253000-194-019-0001-037-000-0000
Parking: Gravel, TwoOrMoreSpaces, Unpaved
Parking Notes: Gravel, TwoOrMoreSpaces, Unpaved
Patio/Porch: Open, Porch
Sewer: SepticTank
Units: 3
Utilities: ElectricityConnected, HighSpeedInternetAvailable, WaterConnected
Water: Connected, Public

Local Schools

School District: Otselic Valley

Estimate Your Payment

Estimated Payment

$ 678.93 per month $367.22 Principal & Interest $263.58 Property Tax $48.13 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Eagle River Realty, LLC
Agency Phone: 315-824-8989

Shown By

Agent Name: Theresa A. Arnold
Agent Phone: (315) 278-4965 Cell
Agency Title: Coldwell Banker Prime Properties

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