Search no further for a moneymaker: a sterling short-term rental investment with a pedigree -- a restored turn-of-the-century vaudeville house and movie theater, and later a firehouse -- in the center of Upstate's premier ski town, Windham. With an annual projected income headed toward $200,000 and expenses under control. And if not a short-term rental use, the building lends itself to a myriad of other possibilities, including offices, retail or arts use. (Seller is open to renting back his current downstairs office space for $2,500 monthly or vacate.) How many investment properties can you think of with this kind of restored history in it, including its own proscenium stage, which beats most screening rooms. The current owner has taken great pains (and expense) with lovingly restoring the original details, including the 15-foot high pressed tin ceiling in the old-theater great room. The chef's kitchen there includes a long bar with beer taps and a wine cooler for viewing enjoyment. Currently configured as two separate apartments that can also convert to three simply by closing doors; and offices that can also convert to apartment use with the easy addition of a shower and a small kitchen. The flexibility is wonderful and the list of improvements and restoration is long, and available to you. Add it all together -- the location, the history, the monetary return and the easy maintenance -- and you have an investment offering that's hard to resist.
|--||New Value: $1,250,000|
|4/12/2021 1:03:00 PM||New Value: $1,250,000|