Description
At the end of Glenerie BLVD waits the perfect investment opportunity. 4.1 acres with zoning for 11 residential structures; 11 cabins on the property already. Current owner has been renovating the cabins. 5 cabins are up and running, earning income of $70,200 per year. 3 more cabins are under construction and can be completed before closing with an added income of $54,000 per year. Additional 3 cabins would need renovating and could earn another $54,000. There is also a large garage and parking lot on site for landlord convince.This is an amazing opportunity for the person or group with vision and experience. Rent out the 5 cabins on top of the hill to long term tenants and 6 water from cabins to short term vacation guests. This can be a real home run project for the right group!
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20BEDS
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4.1ACRES
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11BATHS
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01/2 BATHS
Description
At the end of Glenerie BLVD waits the perfect investment opportunity. 4.1 acres with zoning for 11 residential structures; 11 cabins on the property already. Current owner has been renovating the cabins. 5 cabins are up and running, earning income of $70,200 per year. 3 more cabins are under construction and can be completed before closing with an added income of $54,000 per year. Additional 3 cabins would need renovating and could earn another $54,000. There is also a large garage and parking lot on site for landlord convince.This is an amazing opportunity for the person or group with vision and experience. Rent out the 5 cabins on top of the hill to long term tenants and 6 water from cabins to short term vacation guests. This can be a real home run project for the right group!
© 2021 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gabel Real Estate. Data last updated: 2021-01-27T23:46:25.44.