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$195,000
Est. payment /mo
871 Sqft Lot
UPDATED:
Key Details
Property Type Multi Unit
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10955869
Year Built 1839
Annual Tax Amount $2,899
Lot Size 871 Sqft
Property Description
Located on historical Main Street in beautiful uptown Margaretville at the heart of the Catskill Mountains, this 3 story building houses ""The Village Pub"" has two apartments above that are one and two bedrooms respectively. Both apartments have just been updated after constantly occupied for many years. Long term tenant has moved from one apartment to thew other. The other long term tenant has moved out of the area. That apartment was only vacant for a week with no advertising. Rents certainly could be higher. Margaretville is central to the multiple country wedding venues throughout the area. The beauty of the Catskill Mountains and the Delaware River Basin including the nearby Papecton Reservoir make this a majestic location for both private and public functions. There are local fishing, boating, hunting, biking, hiking, camping, golfing destinations and other leisure or vacation activities. This is a wonderful cash business. Lease with option to buy may also be negotiated. Rent estimated for the bar is $1,000 per month. Actual rents for the apartments is $450 and $400 respectively for a conservative annual estimated rent of $22,200. Market rents for the 3 units are estimated at $550 per apartment and $1,200 per month for the Bar. This would yield an annual income of $27,600.
Location
State NY
County 36025
Rooms
Dining Room 0
Kitchen 0
Multi-Unit Info
Total Units 3
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Listed by Win Morrison Realty
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