9.8% Cap Rate on this fully occupied 2 family apartment building! Each side offers spacious living, with one BR, LR, EIK. Very convenient location to Montreign Resort Casino at Adelaar, a four-season destination presently under development. The resort will feature an indoor water park and entertainment village. Veria Nature Cure and Ayurvedic Wellness Center is to be built on the banks of the lake a few yards away. View of lake down the road as well as pond behind the building. Each unit is nicely appointed. You can live in one and rent the other, perfect pure investment for your portfolio, or use for family compound. Location will assure no vacancies and the rental inventory is drying up, as jobs are introduced... a sure sign of an increased income to follow. Tenants pay electric and HW. Hating oil is included in rent. Additional Information: HeatingFuel:Oil Above Ground
Features of 15 Bailey Lake Road
| MLS# | H4719569 |
|---|---|
| Price | $84,900 |
| Sold Price | $84,900 |
| Total Taxes | $2,695 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Full Baths | 2 |
| Square Footage | 1,327 |
| Lot Square Footage | 16,553 |
| Acres | 0.38 |
| Year Built | 1950 |
| Type | Multi-Family |
| Sub-Type | Duplex |
| Style | Ranch |
| Status | Closed |
Community Information
| Address | 15 Bailey Lake Road |
|---|---|
| City | Kiamesha Lake |
| County | Sullivan County |
| State | NY |
| Zip Code | 12751 |
Amenities
| Amenities | Park |
|---|---|
| Utilities | Trash Collection Private |
| Parking Spaces | 6 |
| Parking | Parking Lot |
| View | Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen, Master Downstairs |
|---|---|
| Appliances | Electric Water Heater |
| Heating | Baseboard, Oil, Radiant |
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Level, Near Public Transit, Near School, Near Shops, Views |
|---|---|
| Construction | Frame, Vinyl Siding |
School Information
| District | Monticello |
|---|---|
| Elementary | Kenneth L Rutherford School |
| High | Monticello High School |
Additional Information
| Date Listed | May 3rd, 2017 |
|---|---|
| Date Sold | December 27th, 2017 |
| Days on Market | 153 |
| Short Sale | No |
| RE / Bank Owned | No |
Offer is made only to participants of the MLS where the listing is filed.