Hi Biggerpockets family,
With your help and blessings, I finally took the plunge! Bought this little fixer upper in Palenville, NY. Now I need your guidance, as I walk my rehab journey. I will keep posting my progress report. Thanks!! -Sourabh
Summary: 115 miles from NYC, 1.1 acres, 2 bed 1 bath house with a strange configuration. Purchase price $70k. Needs extensive work. I want to develop it into multiple tiny Airbnb rentals. And later on, take advantage of the 1.1 acres and put up Yurt/ Dome / Tiny house etc as a glamping setup.
Pictures:
The 3d model
Front view ( The barn with loft)
Right view (Barn, Kitchen and .. the back part I lovingly call, the pizza) == also, what i plan to do with it.
back view ...Current view and the Planned renovation view
The left side view
Location:
115 miles from NYC ( 140 minutes)
12 miles from Woodstock and Hunter ski mountain. ( 25 mins)
8 miles to HITs Saugerties (15 mins)
25 minutes to Hudson.
The cities I have just mentioned are the TOP Airbnb locations in Hudson Valley/ Catskills as listed below. ( I wrote a scraper program to get all the Airbnb data)
city | Total number of homes on airbnb | Total number_of_reviews | average number of reviews |
Woodstock | 141 | 7720 | 54.75177305 |
Hudson | 142 | 6636 | 46.73239437 |
Phoenicia | 57 | 3458 | 60.66666667 |
Saugerties | 125 | 2983 | 23.864 |
New Paltz | 66 | 2237 | 33.89393939 |
Beacon | 54 | 1860 | 34.44444444 |
Catskill | 45 | 1761 | 39.13333333 |
Hunter | 79 | 1445 | 18.29113924 |
Rhinebeck | 48 | 1413 | 29.4375 |
Kingston | 62 | 1380 | 22.25806452 |
Kerhonkson | 32 | 1293 | 40.40625 |
Accord | 29 | 1275 | 43.96551724 |
High Falls | 20 | 1122 | 56.1 |
Tivoli | 14 | 940 | 67.14285714 |
Olivebridge | 13 | 886 | 68.15384615 |
Rosendale | 16 | 834 | 52.125 |
Cold Spring | 19 | 813 | 42.78947368 |
Athens | 11 | 803 | 73 |
Mount Tremper | 23 | 762 | 33.13043478 |
Stone Ridge | 17 | 742 | 43.64705882 |
Windham | 60 | 740 | 12.33333333 |
Germantown | 34 | 718 | 21.11764706 |