- Bedrooms: 3
- Bathrooms: 4
- Price: $850,000
Rare investment opportunity on South Fallsburg's Main Street, ideally offered in conjunction with neighboring 5033 Main Street. Situated on approximately 0.69 acres, this property boasts flexible B3 zoning with potential for residential, commercial, mixed-use, mobile home-related, and other future use possibilities, all subject to town approvals. This zoning creates strong long-term potential for investors, owner-users, builders, or buyers seeking a well-located Main Street property with income and future appreciation potential.
The property includes three residential structures:
A two-unit main house with units on the main and lower levels, plus an additional renovated bungalow/cottage. Current income is approximately $4,000/month with upside potential. The main unit has been recently painted and received basic updates, offering a kitchen, dining area, living room, 3 bedrooms on one floor, plus a staircase to a spacious attic. The lower unit has been recently fully renovated and is in beautiful, like-new condition, featuring porcelain tile flooring throughout, a new kitchen, spacious bedrooms, and 2 bathrooms.
The bungalow/cottage in the rear has also been renovated and includes a new kitchen. Recent improvements include a new septic system, new fence, and swing set/playground area.
Prime location close to Main Street amenities, seasonal communities, bungalow colonies, camps, resorts, and other nearby attractions. Neighboring 5033 Main Street MLS#000029 is also available and ideally offered in conjunction with this property, creating a larger Main Street package totaling approximately 1.46 acres with approximately $6,000/month in reported combined rental income. Buyer to verify zoning, permitted uses, Certificates of Occupancy, legal unit count, rents, leases, square footage, taxes, septic, utilities, and town requirements.
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