For Sale

Listed by Amy Rosen from Ruth Gale Realty

5394 Route 23, Windham, NY, 12496

$1,300,000

7
5
5456 sq. ft.
4356 sq. ft.

SingleFam

30+ days on the market

What's around 5394 Route 23

About this property

INSANE rental #s and CAP RATE of 10! The ultimate SKI HOUSE or AIRBNB opportunity! Many other possible uses, from retail to restaurant to gym to communal work space, just bring your ideas and your toothbrush, this is totally turn key! For discerning investors, ski buffs, large families, and entrepreneurs, on offer is a fully renovated former FIREHOUSE and VAUDEVILLE house right on Windham's main street, a short walk from the ski center and just a few hours to the GWB. If you are looking for a short term rental opportunity, look no further, but it can also be a superior family home or any number of other businesses. Surprise after surprise awaits you when you walk into this historic 1899 gem that has been converted to a fantastic and huge 5456SF live/work space, with mountain views and a brand new post and beam front porch. The seller gutted it to the studs and transformed it to a modern and fun live/work space that remains rich with historical character and architectural details. The two floors are joined by an internal staircase, you can leave them each separate and locked, or use together. Upstairs you will find an enormous living space with 4 bedrooms, and two bathrooms. There is a great room with remnants of the old theater in it, now a high-tech entertainment center for movies and gaming in surround sound on a huge 16x9 foot screen plus a gas fireplace, flowing into an all new huge chef's kitchen with sweet touches like a bar with beer taps and a wine cooler. The original 15-foot high pressed tin ceiling was restored over 700 hours, and original maple and fir floors were stripped and restored. Downstairs is a large two bedroom, two bathroom apartment, currently set up with a golf simulator play area and entertainment center. There's also a spacious professional office suite, currently used by the seller as a law office, but easily converted to another three or four bedroom apartment unit. The AirBNB receipts are OUTRAGEOUS with $160, 000 in gross rental receipts in 2020 and a cap rate of 10%, but this building can also be used as the ultimate family bunker or any number of of types of ventures. For those looking to work from home, the internet is reliable and speedy. Furniture is included! Bring your ideas and come on up!

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