North Salem, NY Property for Sale For Sale

  • $1,200,000
  • 5 beds
  • 5 baths
  • 3178 sqft

This North Salem, NY Property for Sale is a Colonial Located on two lots and two towns, One part of the main house is located on 993 Peach Lake Road, North Salem NY and second part is located on 364 Peach Lake Road, Brewster NY which has the Horse Barn with Studio apt. above. Riding Ring And Paddocks and sits on 2.25 acres. All Buyers to do their own diligence. Taxes charged on both towns. Survey might be needed. Sold as is. Hard Money Loan & Cash Buyers ONLY!!! I have a rehab estimate and scope of work adding a pool, converting the barn into a garage and pool house, doing a complete landscaping make over and doing a complete renovation on the main house which totaled out to $225,000. If you follow the rehab plan and scope of work I have in place the house will have an ARV of $1,100,000 which for this area is a normal priced home. Its about a 90 days project with an average days on market of 80-90 days this will be one of the nicest homes in the area giving you a quick sale and return on your money. With costs being $825,000 a resale price of $1.1 million that is a net profit of $275,000. Not bad for 90 days of rehab. This deal will go fast so do not procrastinate putting in your offer.

Price:
$1,200,000
Address:
993 Peach Lake Rd.
North Salem, New York 10560
Square Feet:
3178
Lot Size:
2.25 acres
Bedrooms:
5
Bathrooms:
5
Terms:
For Sale
Property Type:
Home
Year Built:
1925
Basement:
Full Unfinished
Const. Type:
Frame & Block

Additional Features

Barn w/ Apt. above and equestrian training area. ARV of $1,100,000 w/ a $225,000 Rehab.

Call (914)775-7054 for more details

Property Location

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Access Local NY Investment Property Deals...

Handyman Properties - Fixer Uppers - High Equity. *These are not on the MLS - Many are below $100k. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.