đź“ŤUpstate New York | Fixer or Vacation Rental | Over 4 Acres Near Lake Champlain
Rare opportunity to own a great property in UPSTATE New York near Fort Drum, the Great Lakes and Canadian Border!
This property sits on 4 acres of land located along Beaver River just a short drive from Lake Champlain (40 minutes), Lake George and Great Sacandaga (80 minutes).
Fort Drum military base, with a population of approximately 15,000, is located just 13 miles away - perfect for renting or flipping to military personnel.
The home itself is a bungalow style with plenty of expansion opportunity. Add living space or a large porch/deck would bring value and size to the property.
**Profit and Investment Breakdown**
Estimated Repairs/Updates: $55,000 - $70,000 (for max ARV and FMR)
- full update and renovation
- luxury bathroom (builders grade)
- add additional bath, if desired (for $215K+ ARV)
- interior painting and decor
- upgrade windows and exterior paint
- knock down and clear existing garage
- Add garage and outside deck/porch, if desired
**Flip Income Estimates**
ARV: $189,000 - $209,000
Potential Profit: $50,000 - $70,000
**Rental Income Estimates**
FMR: $1,250 - $1,500 Short-Term Rental: $1,800 - $2,400
Taxes: $2500 (estimate) Insurance: $1,250 Mortgage: $900 - $1,200
Comparable Sales within Last 6 Months:
- 10579 State Rt 126 | $195,000
- 9511 Kay Ln | $190,000
- 10257 Resha Rd | $250,000
- 10728 Harris Rd | $208,000
Your Next Setps:
- Make Your Best Offer
(make offer here or send us a text) - Place Deposit and Execute Assignment Agreement
- Complete Inspections and Due Diligence
- Close Per Terms of Original Agreement
Disclaimer And Details:
Property inspections ARE allowed with POF. This is a Contract Assignment that is prepared to close.
You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.
Ready to close with no encumbrances or delays.