1017 Humphrey Road

If you are an investor looking to purchase a property that will generate a substantial profit on the return, this rare opportunity near Colgate University in the town of Hamilton is your ticket. Two homes on 76 acres of beautiful land that can be subdivided and sold for new home development. The homes need repair and renovation, but are well worth it in this real estate market. Located on a quiet country road just 6.2 miles to Colgate University! The land is both tillable and wooded farmland with frontage on two different roads, providing options for subdivision and new home development. Most of the value is in the LAND, however the main home is structurally sound and well worth renovation. Recent upgrades include replacement windows throughout, new roof in 2014, replaced subfloor, upgraded electric, plumbing, forced hot air furnace and hot water heater. The 1st floor features an open concept dining room and kitchen area, full bathroom, large family room and laundry. Covered back patio. Front foyer with vaulted ceiling and original 6 panel front door. 2nd level with 4 bedrooms and full bathroom with claw foot tub and stand up shower. The land is outstanding having both open and wooded rolling farmlands with long distance views! About 16 acres is currently cropped for hay. The property would make an excellent Hobby Farm for subsistence agriculture. Excellent hunting and recreational opportunities with heavily used deer trails and diverse habitat including a small pond. Included is a large detached garage with workshop and separate office space and a separate 3 bedroom, 2 bath manufactured home that would make an excellent short term rental or suitable place to live while you remodel the main home. The manufactured home has a finished addition, large picture windows and French doors leading to a covered patio/bbq area and in ground pool. You will find Hamilton to be a very dynamic business community centered around Colgate University, a prestigious, highly selective liberal arts college often praised for its beautiful campus, rigorous academics and excellent Division 1 sports program.