MARLA SCHECHTER

Description

“On Golden Pond.” Here is your opportunity to own a valuable investment property with many possibilities. Situated on 4.8 beautiful acres with a 1+ acre pond, this well-kept property includes a main house with 4BR, 3BA, a 2-car, attached garage, and a spacious, separate third floor 1 bedroom, 1 bath apartment w/ private entrance. The main home is currently owner-occupied and features a large family room with propane fireplace and expansive views of the pond. The dining room also boasts lovely views of the pond and leads out to the front deck where you can relax and take in the water scene and its wildlife. There is a first-floor bath, an updated kitchen with a sitting room adjacent to it. Also on the first level is the laundry room, and a southern-facing sunroom with tile flooring and garage access. Just outside the sunroom is a large paver patio where you can enjoy your breakfast and listen to the birdsong or take in the stars and the fireflies on a new moon night. Upstairs you will find a large primary bedroom w/ WIC and a second sunroom, three more generously sized bedrooms, a full hall bath, and a large walk-in storage area above the garage. There are also three cottages on the property which are currently leased with longer-term tenants. Two are 2 bedrooms, 1 and 1 1/2 baths w/ views of the pond. The third and smaller cottage is a 1 bedroom, 1 bath with a more private, wooded setting. Additionally, there is a detached 3-car garage that is currently used by the tenants but could be rented separately. A barn could also be rented for additional income or utilized for additional storage. This property can be enjoyed year-round with swimming, fishing, ice-skating, and gardening. With full tenancy and long-term leasing at proposed market rates, this property offers the new owner an estimated CAP rate of 7%. It also offers the possibility for short-term rentals, either monthly, weekly, or daily, which could net a much higher return. Think VRBO, Airbnb, or a bed and breakfast establishment. This is a highly desirable area with easy access to the turnpike, the train, Philadelphia, New York, Baltimore, and Washington DC. The property would be ideal for multi-generational living where the owner occupies the main house and other family members occupy one or all of the other units, or as an intentional community or retreat center. This is a one-of-a-kind property in a beautiful setting with loads of potential and great rental history. Don’t hesitate to book your showing today! Potential buyers are encouraged to consult with Honey Brook Township for all allowable uses.

Features