Mary Collins Real Estate, Inc.
 
WAWARSING NY - ID: 20171802 - WAWARSING On the Market
949 Ulster Heights Road, 949 County Route 52, Ellenville, NY 12428 ID: 20171802
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Price: $1,200,000

Sq. Feet: 4,500

Acreage: 74.60

Year Built: 2014

School District: ELLENVILLECENTR



CONTACT
Mary Collins Real Estate
(845) 687-0911
Contact Us!
Property Type: 34

Description: Cabin-hood with investment potential. This is what the Catskills have always been about: summers by the pool, fishing and canoeing on the lake, evenings around the campfire with friends, family or complete strangers enjoying the stars and the quiet. Designed by architect Nancy Copley, there are currently six units (3 structures). Final plans show twelve units (6 structures). Currently 3 of the 6 initially planned units are finished and rent out for $185/night each. The second structure is almost finished and the third structure would need to be resumed. Numbers translate to roughly 120k + gross income when units that are currently in progress are completed; significant additional income streams possible, including completing a communal building that could be used for retreats, events, etc. In addition, there are two vintage structures that could clean up nicely and possibly be used as summertime rentals during the interim while new units are being completed. There are also other vintage structures to be explored, revived and/or removed. The 70+ acres have the beginnings of some really lovely trails and logging roads. A fantastic opportunity to run a modern-day bungalow colony or possibly convert to condominiums. Nancy Copley was an architect who specialized in designs that reflect and harmonize with beautiful and unusual natural sites and you will appreciate that sensitivity in the design of these cottages and this setting. Two acre pond is spring fed from underneath and flows out to Cape Pond. In the past it has been stocked with bass, catfish, perch, sunfish and carp. Pond is used for swimming, also.
Nancy Copley's plans are on file in the listing office. Survey in Associated Documents. Also on file in the Stone Ridge office are complete engineer plans by Hagopian Engineers from 2008 showing all replacement bungalows and the scope of the project. Plans also show outfalls for the entire facility with Outfall 1, the proposed system, 1/2 of which is completed, as well as five other existing outfalls that include the vintage Main House, Annex Cottage, Grey Cottage, Ranch Cottage and Casino Building. These drawings include 6 new structures (12 units) with septic designed for twice that. Also mapped out are NYSDEC wetlands and Federal Wetlands, pond, and inground swimming pool locations. This is an area deserving of an infusion of capital.




FEATURES:
NUMBER OF UNITS: 6
SURVEY: Yes
ELEMENTARY SCHOOL: Ellenville Pre K-5
WATER: -
ZONE: Com 1
LOT DIMENSIONS: 74.60 Acres
CONDITION: Excellent, Very Good, Good
LOT FEATURES: Level, Meadow, Pond, Private, Secluded, Slope-Gently, Wooded
LOT/SITE: Rural
ROAD FRONTAGE: Country Road


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Listing courtesy of: Habitat Real Estate Group, Llc / Listing Agent: Deborah Hitz
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