Property Description

CHARMING 1889 FARMHOUSE w/INCOME-PRODUCING 2-UNIT RENTAL BUILDING - WALK TO MARGARETVILLE Imagine having your own Catskills getaway where you can escape the city and walk into the village for dinner, shopping or coffee-and a separate two-unit rental building helps offset the cost of ownership. This unique property offers exactly that opportunity. Set on just over an acre, this lovingly maintained 1889 home has been cherished by four generations of the current owners. Now ready for its next chapter, the property combines historic character, recreational lifestyle and income potential. The 1,554-square-foot farmhouse offers two comfortable levels of living space. The main floor features a welcoming entry, bathroom/laundry room, spacious eat-in kitchen w/extensive wood cabinetry and counter space, and charming breakfast nook. The kitchen flows into a large, sun-filled formal dining room with pine paneling and then into a cozy wood-paneled living room w/beautiful coffered ceiling and raised-hearth brick wood-burning fireplace. An enclosed porch stretches across the front of the house. Upstairs are four generously sized bedrooms, including a primary bedroom with an adjoining smaller room ideal as a study, sitting room or additional sleeping space, plus a full bath. A full attic and standing-height dry basement provide excellent storage. The approximately 1,500-square-foot separate 2-story rental building contains two identical 2-bedroom apartments, both occupied by long-term tenants. Together they generate $1,400 per month, with tenants paying their own heat and electric. All units have separate utilities. The current owners have used the farmhouse as a short-term rental while enjoying it themselves between bookings-a model that could be continued, or the farmhouse could simply become your own private retreat. This is an opportunity to own a character-filled country home with established rental income helping subsidize your Catskills escape while you can easily walk to Margaretville's shops, restaurants and supermarket, and Belleayre Ski Center, the Pepacton Reservoir, hiking trails and countless four-season recreational opportunities are just minutes away.

Property Features

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