145 - 377 Southside Rd, Margaretville, NY
Others for Sale - $449,000 - 8,500 Sq. Ft. on 11.39 acres
Property Info
CIMLS# | 1026538 |
Location 145 - 377 Southside Rd Margaretville NY 12455 | |
Updated | October 22nd, 2018 |
Type | Others |
Price | $449,000 |
Building | 8,500 Sq. Ft. |
Land | 11.39 acres |
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.