Great Investment Property
Great investment property - or let it become your home. This stylish Victorian with a Mansard roof once served as a popular hotel for Jewish vacationers who came to take the mineral waters at the historic Lower Village Sharon Springs resort. In the old days, during summers the NYC newspapers had reporters on the scene to inform readers of society events. At another time weve been told it was a store. Now, it is a 3 family rental investment. Zoned commercial, its less than a minute walk to fine dining. Or use any combination of the three.
There are 1.3 acres with a very private and shady side yard, sitting below the road and protected from it by a large privacy fence atop a huge stone wall. In the back are 2 streams - from the home or yard, you will hear the water falling into the main stream even during a dry summer. On the opposite side is parking for 6 or 8 cars, sharing a very wide ...
There are 1.3 acres with a very private and shady side yard, sitting below the road and protected from it by a large privacy fence atop a huge stone wall. In the back are 2 streams - from the home or yard, you will hear the water falling into the main stream even during a dry summer. On the opposite side is parking for 6 or 8 cars, sharing a very wide drive with the former city hall, now home to the famous Beekman Boys. There is no one near on the other side. In the back, across the stream, is side hill woodland and the foundation to a former building once connected to the home via an enclosed corridor suspended above the stream.
The home has 3704 ft2 of living space and has replacement windows throughout. 3 zone gas hot water heat, village water & sewer. Each apartment has its own electric entrance and occupies an entire floor with 2 bedrooms, K/DR, living room and a single bath, along with washer and drier hookups. Refrigerators and stoves are included. There is a huge attic (big enough to be a 4th apartment if you wished) and a partial basement, a vast front porch + a small one for the ground floor apartment. The two lower apartments are both walk-outs. The upper one has a beautiful downstairs lobby and a French door opens from it to a fire escape. Yes, everything passes code and 2 two lower apartments are handicapped accessible. Floors vary, some carpet, some ceramic tile, some refinished maple hardwood, some painted plank. All walls and ceilings have been repaired if any was needed and all were repainted. If there ever was lead paint here, it has now been safely encapsulated.
Having just undergone lengthy renovations, all apartments are currently empty - no one to evict if you want the home all to yourself. When rented, they brought in $740-800 each and the owners never had trouble finding tenants. Today those figures would probably be a couple of hundred more as all real estate prices have moved upward and housing is difficult to find. We ask just $249900. How can you go wrong?
Directions
US 20, N on Rte 10, on left when road levels out
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