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This unique property presents many opportunities. Choose to live in any of the three apartments and have rents cover your mortgage. Or, keep three tenants and utilize this historic building as an investment with an excellent income stream. There’s never been a vacancy in 14-plus years and rental income keeps pace with the high demand.
Built as a meeting hall for the Odd Fellows organization, the building has been extensively updated with modern amenities. On the top floor care was taken to maintain the original charm of the expansive meeting hall.
The upper apartment totals approximately 1,600 square feet, including two bedrooms and a full bath. The main room is truly striking with 11-foot ceilings with wainscoting and pine flooring. There's a full bath on the main level and a half-bath serving the loft bedroom. The apartment has its own washer and dryer, plus a dishwasher. The open kitchen has ample cabinetry and is perfectly suited for “loft-style” entertaining.
Original schoolhouse light fixtures have been rewired and fitted with dimmer switches to enhance the mellow vibe of the second story space. Wake up each day with an impressive, sunny view of the majestic Pakatakan Mountain.
There are two, one-bedroom apartments on the first floor. Each features a comfortably-sized bedroom and bathroom. The apartments have their own washer and dryer — amenities not often found in apartments.
This formerly neglected structure was gutted in 2007 in anticipation of bringing it back to life. All plumbing, electric and windows were replaced. The building was completely insulated, including spray foam in the basement.
When new tenants move in, each apartment is repainted and maintenance is always kept up to date. A new roof was installed in 2017.The property is served by municipal sewer and water.
Situated at the end of a town-maintained road, there’s off-street parking for up to six vehicles. Plus, the location is convenient — just two miles to the bustling Village of Margaretville for all your shopping needs.
CALL/TEXT CHRISTINE @ 607-287-0424 FOR MORE INFO ON THIS INVESTMENT BEAUTY.