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571585 Spring Lake Road

Milan, NY 12571
  • $869,000
  • STATUS: Active
  • MLS #: 409587
UPDATED: 39 min ago
$869,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
  • $193
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
School District:

Description

Lifestyle meets living! Four lakefront cottages offering six long term rental units less than 10 minutes from the Village of Red Hook and 15 minutes to Rhinebeck. Kayaking, swimming, fishing, hiking, resident fire pit, gardens and lakefront recreation. Watch eagles bathing while Osprey enjoy lakeside respite. Nature abounds in this beautiful location. With a cap rate of approximately 7%, take the keys and roll as is or step long term rental resort living up a notch. This rare opportunity awaits your vision. Two cottages are single residence and two are duplex. The Eagle Watch single cottage offers one bedroom two floor living with expansive wrap around deck, pellet stove, washer/dryer connection and full lake views. The Baby Bear cottage is a side by side single level duplex offering open layout with one bedroom and one full bathroom on each side. Osprey Landing single residence cottage offers one floor living, two bedrooms, one full bath, washer/dryer, dishwasher, gas cooktop (tenant has sep tank), pellet stove and primary bedroom walkout. The Watch Tower cottage finishes the four with an up/down duplex cottage. The upstairs features a freshly painted wrap around deck with one bedroom and one full bathroom. The lower level offers propane log fireplace (tenant has sep tank), updated kitchen, one bedroom and full bath. Approximately 600 feet of lake frontage. The residences and property have been impeccably maintained by current owner for over 25 years. Separate meters for each unit plus landlord meter for total of 7 electric meters and 3 propane tanks. See survey, expense and income breakdown along with birdseye view in documents attached to listing. View video under photos to immerse in this unique offering. Better yet, come and see for yourself! Courtesy notice to tenants. Please schedule at least one day in advance to view all cottages in one showing.

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© 2022 Mid-Hudson Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeService Hudson Valley Properties are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Information deemed reliable but not guaranteed. Data last updated 2022-09-28T23:33:17.15.
www.greathudsonvalleyhomes.com/homes/130797912
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571585 Spring Lake Road Milan, NY 12571

  • Price: $869,000
  • Status: Active
  • On Site: Days
  • Updated: 39 min ago
  • MLS #: 409587
0
Beds
0
Baths
0
½ Baths
5
Acres
4,500
SQFT
$193
$/SQFT
1970
Built
Neighborhood:
None
County:
Dutchess
Area:
Dutchess County
Elementary School:
Mill Road - Primary Grades
Middle School:
Linden Avenue Middle School
High School:
Red Hook Senior High School
School District:
RED HOOK CENTRAL
Property Description
Lifestyle meets living! Four lakefront cottages offering six long term rental units less than 10 minutes from the Village of Red Hook and 15 minutes to Rhinebeck. Kayaking, swimming, fishing, hiking, resident fire pit, gardens and lakefront recreation. Watch eagles bathing while Osprey enjoy lakeside respite. Nature abounds in this beautiful location. With a cap rate of approximately 7%, take the keys and roll as is or step long term rental resort living up a notch. This rare opportunity awaits your vision. Two cottages are single residence and two are duplex. The Eagle Watch single cottage offers one bedroom two floor living with expansive wrap around deck, pellet stove, washer/dryer connection and full lake views. The Baby Bear cottage is a side by side single level duplex offering open layout with one bedroom and one full bathroom on each side. Osprey Landing single residence cottage offers one floor living, two bedrooms, one full bath, washer/dryer, dishwasher, gas cooktop (tenant has sep tank), pellet stove and primary bedroom walkout. The Watch Tower cottage finishes the four with an up/down duplex cottage. The upstairs features a freshly painted wrap around deck with one bedroom and one full bathroom. The lower level offers propane log fireplace (tenant has sep tank), updated kitchen, one bedroom and full bath. Approximately 600 feet of lake frontage. The residences and property have been impeccably maintained by current owner for over 25 years. Separate meters for each unit plus landlord meter for total of 7 electric meters and 3 propane tanks. See survey, expense and income breakdown along with birdseye view in documents attached to listing. View video under photos to immerse in this unique offering. Better yet, come and see for yourself! Courtesy notice to tenants. Please schedule at least one day in advance to view all cottages in one showing.
Exterior Features

Construction BrickOther Exterior BrickVinyl Exterior Features LandscapedOutside LightingPorch Fence None Foundation BlockOther Lot Description LevelSlopingViewsWater FrontageWooded Parking 3+ CarsOff StreetOther Roof Asphalt Shingles View Lake Or RiverPark-Like Waterfront AccessFrontageLakeView

Interior Features

Appliances Unit A RangeRefrigeratorWater Softener Appliances Unit B DishwasherDryerRangeRefrigeratorWasher Appliances Unit C OtherRangeRefrigeratorWater Softener Basement Crawl Space Beds Unit A 1 Beds Unit B 2 Beds Unit C 2 Beds Unit D 2 Cooling Wall Unit(S)Window Unit(S) Elevators 0 Flooring Ceramic TileOtherTileVinylWall To Wall CarpetWood Full Baths Unit A 1 Full Baths Unit B 2 Full Baths Unit C 1 Full Baths Unit D 2 Heating ElectricPropane Interior Features Electric Dryer ConnectionWasher Connection Rooms Unit A 4 Rooms Unit B 6 Rooms Unit C 5 Rooms Unit D 7 Sq Ft Above Grade 4500 Sq Ft Below Grade 0 Sq Ft Unfinished 0 Sq Ft Unit A 1379 Sq Ft Unit B 1170 Sq Ft Unit C 640 Sq Ft Unit D 1317

Property Features

Additional Units Beyond4 Yes Amenities Other Assessed Value 567700 Electric Expense 1500 Electricity 110 Volts Equipment Cable ReadyCarbon Monoxide DetectorCeiling FanSmoke Detectors Exemption None Financing CashConventional Foreclosure No Fuel Expense 600 Gross Income 91080 Handicap Modified No Insurance Expense 2800 Land Tax 3243 Leased Unit A Yes Leased Unit B Yes Leased Unit C Yes Leased Unit D Yes Maintenance Expense 5500 Management Expense 0 Miscellaneous Common LaundryStorage In GarageWasher/Dryer Some Multifamily Type 5+ Family Net Income 60353 Occupant Tenant Occupied Unit A Tenant Occupied Unit B Tenant Occupied Unit C Tenant Occupied Unit D Tenant Other Expense See List Other Expense1 20327 Other Information Cond.Release(Withdrawal) Owner Pays Fire InsuranceGarbage/TrashMaintenanceOtherTaxes School Tax 12148 Short Sale No Sq Ft Source Approximate Sub Type 5+ Family Tax Amount 15391 Tax Year 2022 Township Milan Vacancy Factor 0 Village Tax 0 Water Sewer SepticWell Water Sewer Expense 0

Listing courtesy of Coldwell Banker Realty Df: 914-693-5476. © 2022 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.Information Believed Accurate But Not Warranted.


© 2022 Mid-Hudson Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeService Hudson Valley Properties are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Information deemed reliable but not guaranteed. Data last updated 2022-09-28T23:33:17.15.
 
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