949 Ulster Heights Rd, Ellenville, NY 12428

29 Photos
 
$975,000 List Price
Off Market
 
Listing ID 10475378
Property Type Commercial
County Ulster
Township Wawarsing
Total Tax $12,539
Tax ID 515689-074.003-0003-043.000
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

75 Acre Bungalow Colony with Newer Architect Designed Units

Cabin-hood with investment potential. This is what the Catskills have always been about: summers by the pool, fishing and canoeing on the lake, evenings around the campfire with friends, family or complete strangers enjoying the stars and the quiet. Designed by architect Nancy Copley, there are currently six units (3 structures). Final plans show twelve units (6 structures). Currently 3 of the 6 initially planned units are finished and rent out for $185/night each. The second structure is almost finished and the third structure would need to be resumed. Numbers translate to roughly 120k + gross income when units that are currently in progress are completed; significant additional income streams possible, including completing a communal building that could be used for retreats, events, etc. In addition, there are two vintage structures that could clean up nicely and possibly be used as summertime rentals during the interim while new units are being completed. There are also other vintage structures to be explored, revived and/or removed. The 70+ acres have the beginnings of some really lovely trails and logging roads. A fantastic opportunity to run a modern-day bungalow colony or possibly convert to condominiums. Nancy Copley was an architect who specialized in designs that reflect and harmonize with beautiful and unusual natural sites and you will appreciate that sensitivity in the design of these cottages and this setting. Two acre pond is spring fed from underneath and flows out to Cape Pond. In the past it has been stocked with bass, catfish, perch, sunfish and carp. Pond is used for swimming, also.
Property Details
  • 3 Full Baths
  • 1 Half Bath
  • 74.60 Acres
  • Built in 1930
  • Renovated 2013
  • 2 Stories
  • Available 3/28/2018
  • Partial Basement
  • Lower Level: Walk Out
  • Renovation: Three completed, architect designed units currently renovated.
Unit Information
Unit #1 – Gross Area: 900, Rent Price: 1250, Bedrooms: 1, Full Baths: 1
Unit #2 – Gross Area: 900, Rent Price: 1250, Bedrooms: 1, Full Baths: 1
Unit #3 – Gross Area: 900, Rent Price: 1250, Bedrooms: 1, Full Baths: 1, Half Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Forced Air
  • 1 Heat/AC Zones
  • Propane Fuel
  • 200 Amps
Exterior Features
  • Post and Beam Construction
  • Wood Siding
  • Metal Roof
  • Private Well Water
  • Private Septic
  • Pool
  • Water View
  • Pond View
  • Wooded View
  • Private View
  • Scenic View
  • Pond Waterfront
Commercial Info
  • Emerald Forest Bungalows (Business Name)
  • Uses: Bungalow Colony
Income/Expenses
  • Paid by Landlord: Electric, Heat, Gas, Insurance
Taxes and Fees
  • $6,956 School Tax
  • $5,583 County Tax
  • Tax Exemptions
  • $12,539 Total Tax
  • Tax Year 2016
Previously Listed By
Deborah Hitz
HABITAT REAL ESTATE GROUP LLC
Office: 845-687-7954
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 8 plus 4?