Great investment opportunity....7% Cap rate based on asking $400,000

Lot Off Market

Great investment opportunity....7% Cap rate based on asking price! - This unique setting provides a live and rent opportunity or rent it all and reap the benefits. - On a total of 3.53+/- acres you'll find this light and spacious 3 BR, 3 bath single family home with an additional 2 family to help pay the mortgage or provide guest space. - You'll have summertime fun in the inground pool and enjoy distant mountain views from the patio. - Large kitchen with island, custom cabinets, pantry, HW floors and granite countertops is open to the dining area with stone fireplace, just perfect for entertaining. - The living room has HW floors, bookshelves and a wood burning fireplace that adjoins a sun-filled Florida room. - The Florida room walks out to a Trex deck and rear yard that goes out to the pool. - The primary bedroom has lots of closet space and a nicely sized full bath with jacuzzi tub. Laundry area and second full bath are also on the main level. - The lower level has finished space with a family room, summer kitchen, full bath and office/bedroom. - There is also a mechanical/storage room on the lower level with great storage space. - The inground pool has new fencing and with some clearing you'll enjoy beautiful mountain views right from the pool patio. - The two family home has long term tenants, is 840 SF total for both units, 1 unit has 2 BR/1 bath and the other 1 BR/1bath. This structure needs some updating and TLC, but well worth the effort. - Two car garage with electric and room for extra storage. - Included is a 2 acre vacant lot with a small pond on 2.33+/- acres to the rear of the house that is adjacent to forever wild land. - With an acceptable offer, the seller will include an additional 2+/- acre lot going south on Rt 209 that fronts on 209, just past the next door neighbor. - Perfect investment opportunity! - Minutes to rock climbing, Minnewaska, U-Pick and fresh produce farms, Rough Cut Brewery & eateries, Rte 44/55 and Rte 299 for easy drive to I-87. - Come see for yourself!