51 Fairway Drive
51 Fairway Drive Greenville, New York 12431 United States

$250,000
 Get directions
 

Keller Williams Hudson Valley North

Listing Courtesy of Keller Williams Hudson Valley North

About 51 Fairway Drive

This two-family home with amazing mountain views is so charming with its Bavarian chalet vibes! It's ideally suited for an investor looking for a multi-family rental property or co-buyers who'd like to go in on a two-unit building together.Each unit consists of 2 bedrooms and 1 full bathroom and has beautiful wood ceilings and beams (tall vaulted ceilings in the upper unit) that add a ton of warmth throughout. The kitchens are open to the living and dining areas and have plenty of counter space for cooking and entertaining. The lower unit has sliding glass doors that open onto a covered patio and the lawn beyond, while the upper unit has an expansive wrap-around deck that captures the stunning mountain views! The property is set far back from County Road 67 but also accessible from Fairway Dr, which is a private road. Its 5.35 acres of mostly open land border the Thunderhart Golf Course on one side, making it ideal for those who enjoy golfing as well.Located in the hamlet of Freehold in the town of Greenville (with low Greene County taxes), this property is just 10 mins to shops, restaurants, and a drive-in theater in Greenville, Cairo, and Oak Hill. It's 25 mins to Catskill, 25-35 mins to skiing in Windham and Hunter Mountain, and only 2 hours from NYC!Current tenant is paying below-market rent. The lower unit is vacant but was recently getting $850/mo while the upper unit rent is currently $950/mo (lease expires 11/31/22). The projected gross income for a full-time short-term rental property with 75% occupancy would be approximately $82,000 (28.6% cap rate) with potential for more income with a few cosmetic updates. For a long-term unfurnished rental, it would be approximately $27,600 (8.3% cap rate) and with fewer costs and maintenance. Cash buyers only. The property does not have a CO and would require updates to meet building code and obtain a CO. An engineer's report outlining the scope of work is forthcoming.

Listing Courtesy of Keller Williams Hudson Valley North

PROPERTY INFORMATION

Appliances
Counter Top Range, Refrigerator
Basement
Crawl
Heating
Base Board
Sewer
Septic Tank
Style
Chalet
View
Mountain
Water
Well

EXTERIOR

Roofing
Asphalt

INTERIOR

Flooring
Vinyl

ADDITIONAL INFORMATION

Assessment
105000
4
Bedrooms
2
Full Baths
1,920 Sq Ft.
Interior
5.35 Acres
Exterior
Single Family Homes
Property type
1990
Year Built
142556
Web Id
142556
MLS ID
Greenville
Subdivision
Greenville Central
School District
Listing Courtesy of Keller Williams Hudson Valley North

Keller Williams Hudson Valley North

Listing Courtesy of Keller Williams Hudson Valley North

Copyright 2016 Mid-Hudson Multiple Listing Service, Inc.


All rights reserved. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

Contact Agent