Multi-Family Village Victorian

194 Main Street – This 1885 Three Story, Three Family Victorian home is just one block from the Otesaga Hotel, two blocks from Otsego Lake and two blocks from the Baseball Hall of Fame, and it sits directly across the street from the historic Otsego County Court House. With a charming light-filled 2-bedroom apartment on each floor, this is a perfect home to live on one floor while enjoying the income from the other two apartments. The generous wrap-around front porch has recently won awards from the beautification committee, while the back porch overlooks the large yard, and the third floor balcony looks out over the neighborhood. An abundance of original detail including natural woodwork, wood floors, a lovely open staircase, and 9 1⁄2 foot ceilings, along with unique details on the outside of the house give it an air of historic warmth and character.

The current owners have been living on the recently remodeled first floor while renting the second and third floors. The apartments are leased to full-time renters from September to June, and are fully booked AirBnB’s in the summer months. Gross income this year should be in the neighborhood of $50,000. Alternatively one could easily rent out each apartment with an in-demand yearly lease in Cooperstown’s very tight rental market. Bassett Medical Center and Medical School are just blocks away and yearly rentals in this area are a scarce commodity. Many recent updates and
upgrades include a first floor open plan kitchen remodel, new appliances, remodeled bathrooms and the like. A truly beautiful building in the heart of Cooperstown being sold mostly furnished, the possibilities are endless! 

Offered Exclusively by Ashley-Connor Realty