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2888 US-9

Lake George, NY 12845

Pending

$1,050,000

Listing by:
Joseph Giattino
Frontline Realty Group LLC
631-901-5537

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

$1,050,000
0.0
Bedroom
0
Bathroom
3.00
Acres
Year Built:
1960
County:
Warren
Acres:
3.00
Listing Agent:
Joseph Giattino
Listing Office:
Frontline Realty Group LLC
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Features

Town: Lake George
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $7,232
Water: Dug Well
Sewer: Septic Tank
Heat: Oil
Garage: 0
Property Style: Multiple Dwelling Unit
Exterior: Frame
Cooling: Central Air, Wall Unit(s), Window Unit(s)
Parking Spaces: 20
Zoning: Multi Residence

Location