0.38 Acres Lot
0.38 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 999047
Style Mid Rise
Rental Info No
Year Built 1940
Annual Tax Amount $5,287
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Source onekey2
Property Description
Don't miss this rare chance to acquire a fully vacant, investment property near one of Sullivan County's busiest lakes. 48-50 Horseshoe Lake Road consists of two adjacent parcels being sold together, offering a total of five residential rental units across four buildings. The package includes a side-by-side duplex at 48 Horseshoe Lake Road and a three-bedroom main house with two year-round cabins at 50 Horseshoe Lake Road.
Extensive renovations have been completed throughout the property, including major updates to the duplex and main house, creating a turnkey investment opportunity with strong rental appeal. Located directly across from the lake and just moments from the shops, restaurants, and attractions of Kauneonga Lake, the property benefits from a highly desirable location that consistently attracts tenants. Its proximity to Resorts World Catskills, The Kartrite Resort & Indoor Waterpark, and the Center for Discovery further enhances rental demand and long-term investment potential.
The main house offers three bedrooms, one and a half bathrooms, and classic mid-century charm throughout. The spacious first floor features a large living room, formal dining room, and oversized kitchen with access to a rear deck. Upstairs are three generously sized bedrooms and a full bathroom. Hardwood floors, high ceilings, abundant natural light, and large room sizes create a warm and inviting living environment. An unfinished basement provides laundry facilities, storage space, and updated mechanicals, including a newer boiler and oil tank.
Located behind the main house are two year-round cabins. Cabin 50B is a comfortable one-bedroom unit featuring a large foyer, in-unit washer and dryer, spray foam insulation, and its own electric meter. Cabin 50C is a recently renovated studio offering vinyl plank flooring, shiplap ceilings, a kitchenette with granite countertops and an island, a new bathroom, new windows, and a covered front deck. Additional upgrades include spray foam insulation beneath the cabin. The studio is serviced through the main house electric meter.
The duplex at 48 Horseshoe Lake Road features two separate one-bedroom apartments, each with its own private entrance, individual electric meters, and off-street parking. Recent renovations have further increased the property's appeal and functionality.
White Lake is a 280-acre motorboat lake and one of the Catskills' premier recreational destinations. Residents enjoy easy access to lakeside dining, boutique shopping, boating, seasonal farmer's markets, and year-round entertainment at nearby Bethel Woods Center for the Arts. Whether you're looking to expand your portfolio with a proven income-producing asset or invest in one of the region's most desirable lake communities, this property presents an outstanding opportunity.
Schedule your showing today.
Location
State NY
County Sullivan County
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Electric, Oil, Propane
Cooling None
Flooring Hardwood, Vinyl
Fireplace No
Appliance Dishwasher, Dryer, Electric Oven, Electric Water Heater, Freezer, Gas Oven, Refrigerator, Washer
Exterior
Parking Features Carport, Driveway
Utilities Available Cable Connected, Electricity Connected, Trash Collection Private, Water Connected
Waterfront Description Lake Front
View Neighborhood, Trees/Woods
Total Parking Spaces 6
Building
Lot Description Cleared, Near Shops, Views
Foundation Concrete Perimeter
Sewer Public Sewer
Water Well
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Kenneth L Rutherford School
Middle Schools Robert J Kaiser Middle School
High Schools Monticello
School District Monticello
Others
Special Listing Condition None
Virtual Tour https://iframe.videodelivery.net/28c746f90b1552c119ae6d662e3bbf13
Nearby Locations
GET MORE INFORMATION
Licensed Real Estate Salesperson | License ID: 10401267947