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Listed by Joseph Giattino • Frontline Realty Group LLC
$ 1,050,000
Est. payment /mo
Pending
2888 US-9 Lake George, NY 12845
16 Baths
3 Acres Lot
UPDATED:
10/05/2024 03:23 PM
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 202424138
Originating Board Global MLS
Year Built 1960
Annual Tax Amount $7,231
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions 3
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
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
Direction 87N to Exit 22, US9, Make Left, Mile on right 87S to Exit 23, Right on Diamond Point-Bakers Crossing Rd., Left on US9, approx 3 miles on left.
Interior
Heating Oil
Inclusions Business & Building, Building & Land
Exterior
Garage Private
Pool Outdoor Pool
Roof Type Asphalt
Porch Porch, Deck, Patio
Building
Sewer Septic Tank
Water Dug Well
Architectural Style Multiple Dwelling Unit
Others
Tax ID 522289 238.17-1-14
