76 Willow Avenue
$849,999, 8,690 Sqft
About This Property
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.
Corner Lot, Level, Possible Sub Division, Stone/Brick Wall
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Listing information last updated on February 28th, 2020 at 9:43pm CST.