The Sleeping Lion Guest House on Otsego Lake

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Idyllic Otsego Lake front property, 6.5 miles from Cooperstown invites new Owners to an opportunity to own a tastefully renovated 5 unit guest house overlooking the sleeping lion mountain on the lake. 47 ft of private frontage, 4 newly remodeled units, large, expansive decks, landscaped lawn, dock and beach area are ideal for summer enjoyment. For Investors/Innkeepers the summer season brings substantial income from weekly rentals, for the private family convert the building into your own lake front home. Income figures available to qualified buyers. INQUIRE ABOUT RENTING A GUEST ROOM FOR YOUR PRIVATE OFFICE WITH INTERNET SERVICE, A COMFORTABLE ROOM WITH KITCHEN FACILITIES AND BATH , GREAT VIEWS, USE OF THE LAKE IN SUMMER FROM PRIVATE BEACH.
TOWN: Springfield ACREAGE: ..29 PRICE: $ 995,000.00
Contact Cornerstone Properties about this property.
STRUCTURE:
Type-Style:
4 Unit Two Story Guest House		 Age:
1950		 Sq Footage:
3,500
Rooms#:
5		 Construction:
wood framed		 Condition:
remodeled
Garage/Outbuildings:
Lower level has storage area and utilities
EXTERIOR:
Roof:
Asphalt Shingle and Metal		 Siding:
wood		 Windows:
double pane and crank out
1ST. FL. INTERIOR
Rooms #:
2		 L.R.
Efficency Apt on lower level, Bdrm, Kitchenette, Bath, LR.		 D.R.
F.P.
 Kitchen:
kitchenette		 Bath:
w shower
Laundry:
Walls:
panel, wood, sheetrock		 Floors:
ceramic tile and carpet
Den/Fam. Rm.
 Other:
2ND. FL. INTERIOR
# Bedrooms:
2 Units Each with Bedroom, Kitchenette, Bath with Shower		 Bath:
Other:
3RD. FL. INTERIOR
Upper level: 2 Units, Bedroom with Kitchenette and Bath with shower.
Items included:
Refrig:
small		 Washer:
Range:
X
Dryer:
Dishw:
Other:
microwave
Items not included:
 
Note: Furnishing included with the sale.
FUNCTION:
Insulation:
Heat:
Propane 2006 : 1500 gal. @ 2.12 per gallon 		Electric:
200 amp
Hot Water:
Propane on demand ventless unit		 Plumbing:
Sewage/Septic Sys:
Installed 2004: 2 1000 gal. concrete tanks with aerator system.
WATER:
drilled well, water moniter installed.
FINANCE:
Terms:
Cash or possible finance with substantial down payment		 Total Taxes:
$ 0.00   +/-

Assess:
$ 251.00
SCHOOL DISTRICT:
Cherry Valley Springfield		 POSSESSION:
Tax Map:
55.77-1-13.00
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