LOT SIZE 5.010 acres
MLS#974929
STATUSActive
PROPERTY TYPELand - Residential
SCHOOLLiberty
Property Description
Prime value-add investment opportunity at Cherry Lane in Liberty, NY, featuring a5 -acre parcel with 12 mobile home units and strong upside potential. The property is currently underperforming but has the potential to reach approximately $240,000 in annual income once renovated and properly managed. With well and sewer water infrastructure already in place and an estimated $360,000 renovation budget, this asset is ideal for an investor looking to reposition, increase rents, and unlock significant long-term cash flow in a growing upstate market.Great for an investment or for your own group. ARV IS 16-18 CAP
Property Features
Property Type: Land - Residential
Lot Size: 5.01 Acres
Taxes: $9,876
Feature Descriptions
Current Use: Multi-Family, Residential
Days on Site: 106
On Market Date: 2026-03-22
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Connected, Water Connected
Water: Well
Local Schools
High School: Liberty High School
Middle School: Liberty Middle School
Elementary School: Liberty Elementary School
School District: Liberty
Estimate Your Payment
Estimated Payment
$ 4,031.93 per month $3,033.93 Principal & Interest $823.00 Property Tax $175.00 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Rodeo Realty Inc
Agency Contact: 845-364-0195
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
2 Cherry Lane | MLS# 974929
This land located at 2 Cherry Lane, Liberty, NY 12754 is currently listed for sale with an asking price of $599,999. The property has approximately 5.01 Acres. Cherry Lane is located within the Liberty school district. Search Liberty real estate on www.cbamhomes.com today.