145 - 377 Southside Road Margaretville, NY 12455
Incredible investment property with six houses, one concrete block garage, two large enclosed pole barns, a lean-to, a small greenhouse and a quarry containing sand, gravel, and cobblestone. Five of six homes are currently rented. Current gross income $34,200. If all homes and exterior buildings are rented at market rents, annual gross income would be approximately $60,000, with expenses of $13,000 and a cap rate of 10%. Sell gravel, sand and cobblestone to improve your income. Attractive site includes mountain views, rock formations, meadows, woods, and a small stream., Directions Route 28 West to left on Fair Street to Right on Southside Rd. See signs on left and right side of road.
Interior Features Include:No Information Available.
Exterior Features Include:
Acreage: 11.3900 Acres
Other Features Include:
School District: Margaretville Central Schools