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Updated over 8 years ago on . Most recent reply

User Stats

104
Posts
13
Votes
Christian Lincoln
  • Contractor
  • new paltz, NY
13
Votes |
104
Posts

Amazing rental investment property - two houses, one lot

Christian Lincoln
  • Contractor
  • new paltz, NY
Posted

2 Houses, 3 acres, College Town, non-stop renters.  65k gross a year.

Set back in woods, beautiful lot.

Two garage garage with power.

Two extra cabins with power,

Big 6 bedroom house with 3 bathrooms, fireplace, communal liv. room, 30 ft open basement, ( VAST basement could be another apt.) Every room has skylight and lofted ceilings - California Post and Beam style.


2.5 bedroom cottage with huge storage area room attached. (storage room Could be another apt.)

rent roll: 5,300 a month. Nets over 35k a year with high interest mortgage currently.  Would net more with lower interest rate.

Purchase immediately or alternately hold mortage/loan at high interest rate for short period for great investment.

Offering

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