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

250000sales
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Keller Williams Realty HV Nort

Listing Courtesy of Keller Williams Realty HV Nort

About 51 Fairway Drive

This two-family home with amazing mountain views is so charming with its Bavarian chalet vibes! Its ideally suited for an investor looking for a multi-family rental property or co-buyers whod 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. Its 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 Realty HV Nort, Ulster County Board-Realtors

PROPERTY INFORMATION

Appliances
RANGE, REFRIGERATOR
Cooling
CEILING FAN
Heating
BASEBOARD
Parking Description
DRIVEWAY
Sewer
SEPTIC-INGR.
Style
Duplex
View
MOUNTAIN
Water
DRILLED WELL

EXTERIOR

Construction
CONCRETE, FRAME/STICK
Roofing
ASPH SHINGLE

INTERIOR

Flooring
VINYL
250000
4
Bedrooms
2
Full Baths
5.35 Acres
Exterior
Single Family Homes
Property type
1990
Year Built
20221849
Web Id
20221849
MLS ID
Greenville Central
School District
Listing Courtesy of Keller Williams Realty HV Nort

Keller Williams Realty HV Nort

Listing Courtesy of Keller Williams Realty HV Nort

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