1189 State Route 52, Fallsburg, NY 12759

This commercial investment opportunity features a high-performing, income-producing, multi-structure asset with strong in-place cash flow and multiple avenues for value creation. It consists of three separate buildings totaling approximately 4,500 square feet across seven residential units plus a 1,000 square foot garage, all situated on approximately 0.98 acres with an additional separate 0.51 acre parcel offering potential for future development. The property currently generates $117,500 annually, or approximately $9,791 per month, with estimated operating expenses of $30,000 per year resulting in a net operating income of approximately $87,500 before vacancy and approximately $81,625 with a conservative 5 percent vacancy factor, supporting a cap rate in the 7.4 percent to 7.95 percent range. Income is diversified across all three structures, with Building 1 producing $51,000 annually including a projected $18,000 from the garage, Building 2 generating $30,800 annually, and Building 3 contributing $35,700 annually, creating multiple stabilized income streams within a single acquisition. A significant value add opportunity exists in the rear structure where the second floor includes approximately 1,500 square feet of unfinished space with lake views of Loch Sheldrake. The property is serviced by town water and septic and features oil heat, gas stoves, and electric included in rents. Recent improvements including plumbing upgrades, heating updates, electrical work, driveway blacktop, and tree removal help reduce near term capital expenditure concerns. Positioned in a growing rental market with strong demand drivers, this asset offers investors a unique combination of stabilized cash flow, expansion potential, additional land value, and long term appreciation.