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Listed by: Keller Williams Upstate NY Pro

$ 499,000

Est. payment | -/mo

4 Beds

2 Baths

1,664 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,664 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,664 sqft

Price per Sqft $299

MLS Listing ID 20264865

Style Farmhouse,Other

Bedrooms 4

HOA Y/N No

Year Built 1889

Annual Tax Amount $5,326

Tax Year 5326

Lot Size 1.020 Acres

Acres 1.02

Property Sub-Type Multi Family

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

CHARMING 1889 FARMHOUSE w/INCOME-PRODUCING 2-UNIT RENTAL BUILDING -- WALK TO MARGARETVILLE Imagine having your own Catskills getaway where you can escape the city and walk into the village for dinner, shopping or coffee--and a separate two-unit rental building helps offset the cost of ownership. This unique property offers exactly that opportunity. Set on over an acre, this lovingly maintained 1889 home has been cherished by 4 generations of the current owners. Now ready for its next chapter, the property combines charm, recreational lifestyle and income potential. The 1,554-square-foot farmhouse offers two comfortable levels of living space. The main floor features a welcoming entry, a bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and a cozy breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a warm wood-paneled living room w/beautiful coffered ceiling and raised-hearth brick wood-burning fireplace. An enclosed porch stretches across the front of the house. Upstairs are four generously sized bedrooms, including a primary bedroom with an adjoining smaller room, ideal as a study, sitting room or additional sleeping space, plus a full bath. A full attic and standing-height dry basement provide excellent storage. There is also a garage w/upstairs storage. The separate 1,500-square-foot 2-story rental building contains two identical 2-bedroom apartments, both occupied by long-term tenants. Together they generate 1,400 per month, with tenants paying their own heat and electric. All units have separate utilities. The current owners have used the farmhouse as a short-term rental while enjoying it themselves between bookings--a model that could be continued, or the farmhouse could become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping to subsidize your Catskills escape while you can easily walk to Margaretville's shops, restaurants and supermarket, and Belleayre Ski Center, the Pepacton Reservoir, hiking trails and countless four-season recreational opportunities are just minutes away.

Location

State NY

County Delaware

Area Middletown

Zoning GV

Rooms

Basement Concrete, Walk-Up Access

Interior

Interior Features Beamed Ceilings, Ceiling Fan(s), Coffered Ceiling(s), Eat-in Kitchen, High Ceilings, High Speed Internet, His and Hers Closets, Laminate Counters, Natural Woodwork, Pantry, Storage

Heating Baseboard, Fireplace(s), Hot Water, Oil, Separate Meters, Varies by Unit, Wood

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Ceramic Tile, Hardwood, Linoleum, Vinyl, Wood

Fireplaces Number 1

Fireplaces Type Living Room, Masonry, Raised Hearth

Equipment Fuel Tank(s)

Fireplace Yes

Laundry Laundry Room, Main Level, Sink

Exterior

Exterior Feature Lighting, Paved Walkway, Private Entrance, Private Yard, Rain Gutters

Garage Spaces 1.0

Garage Description 1.0

Fence None

Pool None

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

View Downtown, Mountain(s), Trees/Woods

Roof Type Asphalt,Shingle

Porch Deck, Front Porch, Glass Enclosed, Patio

Total Parking Spaces 1

Garage Yes

Building

Lot Description Back Yard, Garden, Gentle Sloping, Landscaped, Private, Views

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public, Well

Architectural Style Farmhouse, Other

Level or Stories Two

Schools

High Schools Margaretville Central Schools

School District Margaretville Central Schools

Others

Senior Community No

Tax ID 124603 306.7-8-10

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

NEARBY SCHOOL & BUSINESS

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY 12477, United States

42204 State Hwy 28 Margaretville, NY 12455

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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42204 State Hwy 28