SoldDec 27, 2017

Listed by CAROL A. MALEK from Malek Properties

Bought with Theresa Rokus

Source: OneKey #H4719569

15 Bailey Lake Rd, Sullivan County, NY, 12751

$84,900

2
2
6
1327 sq. ft.
16553 sq. ft.

MultiFam

30+ days on the market

Sold: Dec 27, 2017

What's around 15 Bailey Lake Rd

About this property

9.8% Cap Rate on this fully occupied 2 family apartment building! Each side offers spacious living, with one BR, LR, EIK. Very convenient location to Montreign Resort Casino at Adelaar, a four-season destination presently under development. The resort will feature an indoor water park and entertainment village. Veria Nature Cure and Ayurvedic Wellness Center is to be built on the banks of the lake a few yards away. View of lake down the road as well as pond behind the building. Each unit is nicely appointed. You can live in one and rent the other, perfect pure investment for your portfolio, or use for family compound. Location will assure no vacancies and the rental inventory is drying up, as jobs are introduced... a sure sign of an increased income to follow. Tenants pay electric and HW. Hating oil is included in rent.

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