140 Starlight Dr

Monticello NY 12701

1248 sq. ft.

61420 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Turn key vacation home or short-term rental on a massive lot with lake rights to Swinging Bridge Lake. Open concept living, dining, and kitchen on the main floor. Three bedrooms and two bathrooms on the main level. The finished lower level includes a recreation room, den, full bathroom, and an additional room currently set up as a bedroom. Furniture and rental supplies available for sale as well. Outdoors, the massive backyard is a cleared former horse corral, with a tac house now used for storage. Decks are on the front and rear of the home as well as a lower level patio under the front deck. House has five years of rental history with excellent reviews. The estimated capitalization rate at the list price is 6.72% and the levered Internal Rate of Return is 12%. Excellent home to use a secondary residence in the Catskills, while renting out the remaining days on the calendar.

Features

3 bedrooms

4 bathrooms

1248 sq. ft. floor area

61420 sq. ft. lot size

Single-Family

Property history for 140 Starlight Dr

2018

Sold

$175,000

12 Sep 2018 by Erik Rhulen, of Rhulen Realty Group LLC

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