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
TypeOthers
Price$449,000
Building8,500 Sq. Ft.
Land11.39 acres
DemographicsView data

Contact


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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