Mary Collins Real Estate, Inc.
 
OLIVE NY - ID: 20181845 - OLIVE On the Market
1262 County Route 2, Olivebridge, NY 12461 ID: 20181845
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Price: $245,000

Bedrooms: 2

Bathrooms: 2

Sq. Feet: 1,560

Garage: None

Acreage: 4.10

Year Built: 1988

School District: ONTEORA CENTRAL



CONTACT
Mary Collins Real Estate
(845) 687-0911
Contact Us!
Property Type: 2 Family

Description: Just the perfect investment or spot to call home! This two family ranch is situated on 4.10 tree-lined acres with beautiful meadow and mountain vistas. All on one level, this well maintained ranch offers 1, 560 total square feet with each home consisting of 780 SF, 2 BR and 1 Bath. Both sides have their own full dry basement, heated with radiators and their own thermostat….perfect for working out, storage, playroom or whatever your pleasure. Both sides have a nice deck, the left side with a bluestone patio so you’ll be all set for barbecues or star gazing. On the left side there is also a platform with electric that was set up for a hot tub. There are a total of three sheds, all in excellent shape…one with electric that would make a great workshop. The meadow is level with wonderful views of the mountain range making this home and setting ideal to live on one side and AirBnB the other, having a space for guests or simply as an investment property. A sizable fenced in garden is perfect to grow all your own veggies, flowers & more. All utilities are separate; separate electric meters, HWH boilers, oil tanks and hot water heaters. Each unit pays for their own heat, electric, garbage and cable. Currently the tenant takes care of mowing the lawn. Minutes to The Country Inn for a dinner out, the Ashokan Reservoir for long walks or bike rides along with nearby hiking trails. Skiing at Belleayre is only a 40 minute drive. Stone Ridge/High Falls is an easy 10-15 minute drive where you’ll find additional restaurant choices, Davenport’s Farm market, Emanuel’s Market, the hardware store, U-Pick farms & more.
There have been many recent improvements. Roof 2016, two new 40 gallon hot water heaters 2017, new bathtubs both sides 2017, new toilet 2017 on tenants side, new attic insulation 2017, new windows 2015, new carpet 2016 on tenant side, 20 X 14 shed on the tenant side 2017. The drilled well serves both sides, as does the septic. Concrete septic tank is 1300 gallons with an extra large leach field. Based on both units with a monthly rental amount of 950 (the current rent for unit 2), cap rate at asking is 6.37%.




FEATURES:
ZONE: 03
LOT DIMENSIONS: 4.10
UNIT 2 -RENT: 950
CONDITION: Very Good
APPLIANCES: Dryer, Range, Range Hood, Refrigerator, Washer
ELECTRICITY: 200 Amps, Circuit Breakers
LOT FEATURES: Level, Meadow, Private
LOT/SITE: Rural
WATER: Drilled Well
KITCHEN DESCRIPTION: Country, Eat-In


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Listing courtesy of: Murphy Realty Group / Listing Agent: Lynn Masanotti
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