76 Willow Avenue, Cornwall, NY 12518

$849,999
8,690
SqFt
List Price
$849,999
MLS#
6004147
Status
ACTIVE
Subtype
Commercial
Stories
3.00
Square Footage
8,690
Neighborhood
Cornwall

Property Description

Rare development or investment opportunity in Cornwall, NY. The Maplehurst Inn is located directly in the Town of Cornwall and features 18 bedrooms and 4 bathrooms on over 3 acres of flat land. This fully rented rooming house was renovated in 2018 with new bathrooms, a newly installed sprinkler system, and a refinished main lobby. The property is located directly in town, with close proximity to Main Street and all shopping. Current zoning(without variances) calls for 6 single family homes or the building can be left as a rooming house. Cap rate is 6.5%. Rents are below market value due to a significant number of long term tenants.

Additional Information

Year Built
1910
Taxes
$17,200
School District
Cornwall
Sewer
Municipal
Parking
Driveway, Private Parking
Water
Municipal
Cooling
None
Heating
Radiator

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Anthony L. Smith from Arrowhead Realty


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