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    OFF-MARKET
    Residential income homes

    2003 Ny-2, Petersburgh, NY 12138

    4,900 SF 1 ac lot Built 1850
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a meticulously maintained, historic stone house ideally situated in Petersburgh, NY, at 2003 NY-2, zip code 12138. Boasting a rich history, the property was built in 1850 and extensively renovated in 2013, seamlessly blending historical charm with modern updates. The property comprises two separate, unique units, perfect for Airbnb rentals, with a proven 10-year track record of successful operation. The 4,900 square foot building sits on a one-acre lot and includes five parking spaces. Each of the two units is priced at $199,500, offering a compelling price per unit. The property's Class B designation reflects its well-maintained condition and strong rental history. The attractive asking price of $399,000 translates to a price per square foot of $81.43 and a highly desirable 9.50% cap rate. The property is zoned for apartment buildings, ensuring continued flexibility for its use. Enjoy the convenience of a large outdoor patio and fire pit, perfect for guest enjoyment. The property is fully furnished in good taste. Its prime location offers easy access to Grafton Lake State Park, the New York-Vermont border, the Berkshires, and Western Massachusetts, making it an attractive destination for tourists and vacationers. The APN is 86-2-29.01. This is a must-see property for discerning investors seeking a strong return on investment in a desirable location.

    Property profile
    Verified
    Property type Residential income homes
    Year built 1850
    Total area 4,900 SF
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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