Fully occupied multi-family property consisting of a main house occupied by the current owner, and 6 self-contained cabins with long term tenants. Current rents include utilities, however all units are separately metered and/or have individual propane tanks for heat. Net income can be easily and substantially increased with a simple transfer of utilities expense to tenants and market driven rent adjustments. Strong investment opportunity which can be supplemented further by renting the main house as well as an opportunity for someone to purchase a property where they can live in the main house and supplement their mortgage expense from the income derived from the 6 cabins.
Location is key at this duplex home in Lincoln! Walking distance to downtown and just minutes away from Loon Mountain. The floor plan offers two, 2 bedroom apartments both currently occupied with tenants. Featuring on-demand hot water and a direct vent gas heating system updated just eight years ago. Renovated with new windows, interior paint, vinyl exterior, and metal roofing. Coming off the upstairs unit deck, head down the stairs where you will find an attached shed with ample storage for tenants. This is a unique investment opportunity with virtually no maintenance necessary. If you are looking to buy a house in really good condition and receive a quick rental income, this is the place for you!
Honey how are we going to pay for that vacation property? Here's your answer! By purchasing this multi-unit property that's close to all that Lincoln and Woodstock have to offer. Less than a 5-minute drive to the Village of North Woodstock and a 10-minute drive to Loon Mountain. There are two separate buildings on the property. The larger of the two features a two-bedroom apartment on the main floor, with a one-bedroom rental unit below. Situated on the north end of the property is a one-bedroom year-round cabin that's also able to be rented out. Make this wonderful property your vacation or year- round home today. Plus, you get the Chapel on the Rocks to boot!
Listed by Jim Spanos of Coldwell Banker Old Mill Properties/B
Federal 30-year interest rate: 3.94% last updated on 2017-12-21
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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