145 - 377 Southside Rd, Margaretville, NY

Others for Sale - $449,000 - 8,500 Sq. Ft. on 11.39 acres

Coldwell Banker Village Green Realty

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Agent Info

NameGary Heckelman
CompanyColdwell Banker Village Green Realty

Property Info

CIMLS #1026538
Location145 - 377 Southside Rd
Margaretville NY 12455
Last UpdatedOctober 22nd, 2018
Building8,500 Sq. Ft.
Land11.39 acres
DemographicsView data


Property Description

Incredible investment property with six houses, one concrete block garage, two large enclosed pole barns, a lean-to, a small greenhouse and a quarry containing sand, gravel, and cobblestone. Five of six homes are currently rented. Current gross income $42,200. If all homes and exterior buildings are rented at market rents, annual gross income would be approximately $60,000, with expenses of $13,000 and a cap rate of 10%. Sell gravel, sand and cobblestone to improve your income. Attractive site includes mountain views, rock formations, meadows, woods, and a small stream.

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