Fantastic income opportunity! This 109+/- acre parcel has 7 subdivided lots and is run as a cabin and tiny home AirBnB community. Currently 4 park model cabins, 1 tiny home, 1 yurt and 2 camp platforms producing a gross of about $156, 000 per year (2024 estimate). Two undeveloped lots, one with a 2- bedroom septic permit and the other with soils showing substantial additional capacity. If these and the yurt lot had single park models, gross income may be well over $200, 000 per year. Over 4000’ of excellent roads, driveways, water lines, ECFiber, and DSL lines. Community enjoys a shared open recreation area, 0. 5+/- acre pond, 22 acres of conserved land and lots of wooded uplands. Would be a great place for a retirement home on the upper lot with long distance views while managing the AirBnB community. Installed septic sites have not been maxed out, so there is room for organic growth on the existing systems. Currently owner managed and they are willing to teach new owners the ins and outs of the property. Up to date state and town permits, fully surveyed, utility drawings, and the engineer who designed everything is sill working and available for expansion. Future owner may take advantage of further subdivision. Future owner may also sell the lots independently. So much potential for expansion of cabins, campers, building lot or excellent just as it is.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,048 | $6,562 | $8,896 |
Total Monthly Payment | $6,173 | $6,687 | $9,021 |
* 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.