Take advantage of this prime investment opportunity in the vibrant Lake George area! English Brook Cottages, set on 3 acres, includes 10 cottages, a two-family home, and a fully renovated single-family home—all generating income. With a strong 13% cap rate and $145,000 in net income last year, this property has great potential. Currently rented from May to October, there's room to expand to year-round rentals, especially with nearby ski resorts and winter events. Recent $120,000 renovations have enhanced the property. The owner-occupied single-family home is ideal for on-site living, featuring three bedrooms, two baths, a chef's kitchen, and a two-car garage. Downstairs offers a 1 bd, 1 bath apart. Current owner willing to train! Don't miss this chance to maximize your investment
BUYER'S AGENT
Connect with a local buyer's agent who advertises with Adirondack.net
Features
Location
Copyright 2024 Global MLS, Inc.
Information is not guaranteed