2888 US-9 Pending Save Request In-Person Tour Request Virtual Tour
Lake George,NY 12845
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 202424138
Year Built 1960
Annual Tax Amount $7,231
Lot Size 3.000 Acres
Property Description
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
Location
State NY
County Warren
Zoning Multi Residence
Interior
Heating Oil
Inclusions Business & Building, Building & Land
Exterior
Garage Private
Pool Outdoor Pool
Roof Type Asphalt
Building
Sewer Septic Tank
Water Dug Well