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A Rare Opportunity: Charming Victorian Home with 3 Income Potential – Hurleyville, NY. Imagine owning a beautiful early 1800s Victorian home brimming with character, and a world of possibilities for income and lifestyle. This exceptional property in the heart of Hurleyville, Sullivan County, offers just that – a unique chance to create a truly versatile property. Spanning over 4, 000 square feet across total units, this property is designed for flexibility. The main residence, a charming 2, 300+ square foot Victorian country home, currently functions as a spacious 4 bedroom, 2 bathroom single-family dwelling. However, it boasts a history as a legal two-family home and can easily be converted back to provide immediate rental income. Picture yourself enjoying comfortable living while benefiting from passive income! But the opportunities don’t stop there. A remarkable 1, 800+ square foot insulated accessory building awaits your vision. Currently framed and ready for completion (with recent approval for third unit!), this expansive 24x40 space presents endless potential – from a lucrative third rental unit to an inspiring artist's studio, workshop, or even a small home business headquarters. Equipped with electric, plumbing, and even a convenient half-bath, it’s truly a blank canvas waiting to be brought to life. Plus the convenience of two standard access doors and a garage door adds to its versatility. Beyond the buildings themselves, this property benefits from commercial water and sewer connections - a valuable asset. The home also has an attached garage that provides additional storage or could be transformed into bonus living space. Location is Key: Nestled in vibrant Hurleyville, you'll find yourself steps away from Main Street shops, the Rails to Trails perfect for scenic walks or bike rides, steps away from the Hurleyville Performing Arts Center and movie theater—and delightful local shops, restaurants & Sullivan County Museum. Sullivan County's rich offerings include RW Catskills Casino and Kartrite Waterpark to tranquil lakes offering fishing and water activities. Many wineries and breweries and distilleries add even more flavor to the local scene! A Lifestyle Within Reach: This isn't just about property; it's about lifestyle. Enjoy the peace of country living with all the conveniences nearby – a world away in terms of peace and quiet but close enough for weekend trips or commuting if needed all just 90 minutes from New York City! Whether you envision creating generational wealth through multiple rental streams or simply enjoying a spacious family home with room to pursue your passions, this property offers something truly special. A chance to create something special - whether it’s a multi-generational family compound ("mother-daughter" setup on the wraparound porch sounds idyllic!), an income-generating investment or your dream creative workspace. . . Bring your vision and let's get started! Bring your imagination and design flair – This isn’t just a property; it's an opportunity!
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $303,200 | $303,200 | $303,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $442 | $442 | $442 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,992 | $2,538 |
Total Monthly Payment | $2,433 | $2,509 | $3,055 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.