571585 Spring Lake Road , Milan, NY 12571(Dutchess County)

Lifestyle meets living! Four lakefront cottages offering six long term rental units less than 10 minutes from the Village of Red Hook and 15 minutes to Rhinebeck. Kayaking, swimming, fishing, hiking, resident fire pit, gardens and lakefront recreation. Watch eagles bathing while Osprey enjoy lakeside respite. Nature abounds in this beautiful location. With a cap rate of approximately 7%, take the keys and roll as is or step long term rental resort living up a notch. This rare opportunity awaits your vision. Two cottages are single residence and two are duplex. The Eagle Watch single cottage offers one bedroom two floor living with expansive wrap around deck, pellet stove, washer/dryer connection and full lake views. The Baby Bear cottage is a side by side single level duplex offering open layout with one bedroom and one full bathroom on each side. Osprey Landing single residence cottage offers one floor living, two bedrooms, one full bath, washer/dryer, dishwasher, gas cooktop (tenant has sep tank), pellet stove and primary bedroom walkout. The Watch Tower cottage finishes the four with an up/down duplex cottage. The upstairs features a freshly painted wrap around deck with one bedroom and one full bathroom. The lower level offers propane log fireplace (tenant has sep tank), updated kitchen, one bedroom and full bath. Approximately 600 feet of lake frontage. The residences and property have been impeccably maintained by current owner for over 25 years. Separate meters for each unit plus landlord meter for total of 7 electric meters and 3 propane tanks. See survey, expense and income breakdown along with birdseye view in documents attached to listing. View video under photos to immerse in this unique offering. Better yet, come and see for yourself! Courtesy notice to tenants. Please schedule at least one day in advance to view all cottages in one showing.