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51 Fairway Drive

Greenville, NY 12431
  • $250,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • MLS #: 20221849
UPDATED: 28 min ago
$250,000
  • 4
    BEDS
  • 5.35
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,920
    SQFT
  • $130
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1990
County:
Area:

School Ratings & Info

School District:

Description

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.

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Coldwell Banker Village Green Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-06-28T13:18:36.867
www.zacharypetrocca.com/homes/129905259
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51 Fairway Drive Greenville, NY 12431

  • Price: $250,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 28 min ago
  • MLS #: 20221849
4
Beds
2
Baths
0
½ Baths
5.35
Acres
1,920
SQFT
$130
$/SQFT
1990
Built
Neighborhood:
Greene
County:
Greene
Area:
Greene
School District:
Greenville
Property Description
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.
Exterior Features

Construction ConcreteFrame/Stick Driveway Gravel Garage Parking Extras Driveway Garage Type None Lot Features Adjacent To Golf CourseLevelMeadowWooded Porch DeckOpen Roof Asph Shingle Siding StuccoWood Views Mountain

Interior Features

Appliances RangeRefrigerator Basement None Bedroom1 Level 1 Bedroom2 Level 1 Bedroom3 Level 2 Bedroom4 Level 2 Cooling Air Conditioning Ceiling Fan Den Level - Dining Room Level 1 Family Room Level - Floors Vinyl Heat Source Baseboard Heating Fuel Electric Hot Water Electric Kitchen Level 1 Living Room Level 1 Utility Level -

Property Features

Annual Taxes 4509 Assessed 105000 Electricity 200 AMPS Flood Plain No General Tax 1586 Internet Access Cable Listing Type Exclusive Right Lot Dimensions Variable School Tax 2923 Sewer Septic-Ingr. Style Duplex Style Additional Chalet Terms To Qual. Buyer Water Drilled Well

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221849 provided courtesy of Daniel Romero of Keller Williams Realty Hv Nort.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Coldwell Banker Village Green Realty are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-06-28T13:18:36.867
 
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Coldwell Banker Village Green Realty
397 Main Street
Catskill NY, 12414