12950 ROUTE 23A LEXINGTON, NY 12452

Features

• Price/sqft: $151
• Lot Size: 142006
• Total Units: 4
• Room List: Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Dining Room, Kitchen, Living Room
• Stories: 150
• Heating: Baseboard,Hot Water
• Exterior Walls: Wood

Facts

• Year Built: 01/01/1976
• Property ID: 891365549
• MLS Number: 20243039
• Parcel Number: 194000 109.00-1-45
• Property Type: Townhouse or Condo
• County: GREENE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Calling all buyers looking for a unique property with investment potential in a beautiful mountain setting! This charming 1970s chalet with four apartments would be perfect for a family or friends' getaway, to live in one unit and rent out the others, or rent out the entire property. Close to skiing (4 mountains within 15-30 mins), top hiking spots, and charming towns, it's an ideal four-season retreat or investment.nnnThe ground floor features a spacious two-bedroom apartment with an open dining/living area and a vintage mod woodstove. The second floor has two identical one-bedroom apartments with a shared balcony, and the top floor has a one-bedroom apartment with a private balcony. Each unit has its own entrance, kitchen, and bathroom. The current owner has had success with short-term, seasonal, and long-term rentals.nnnThe property includes 3 acres with a secret meadow plus over 60 acres of adjoining hikeable public land with waterfalls. A stream borders the property and flows into Schoharie Creek, which has a swimming hole and fishing spot. The yard features fire pits, a large stone patio, a shed, a garden area, and a wrap-around driveway.nnnJust 2.5 hours from NYC, it's perfect for exploring the Catskills. Hunter and Windham ski mountains are about 15 mins away, with many nearby shops and restaurants like West Kill Brewing, Van Dusen's, and Scribner's.nnnNote: the listing agent has an ownership stake in the property. No current leases in place. Potential for 7%+ cap rate.