145 - 377 Southside Road, Margaretville
A charming road leads to this unique, 11-acre property featuring six houses, one concrete block garage, two large enclosed pole barns, a lean-to, a small greenhouse and a quarry containing sand, gravel, and cobblestone. All of this is sited on land featuring mountain views, rock formations, meadows, woods, and a small stream. Multiple dwellings + nature (and a quarry!) = ??? You decide! Use your imagination to dream up ways to best utilize this assemblage of buildings and natural attributes. For investors, this is an incredible opportunity to own a large income-producing property with multiple structures. If all homes & exterior buildings are rented, annual gross income is approximately $60,000, with expenses of $13,000 and a cap rate of 10%. 8500 square feet for both commercial and residential buildings.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.