Unique Opportunity: Renovated Cottage with Income Potential + Historic Main House Project!
Discover a unique property offering both modern comfort and historic charm, nestled in a serene setting. This fully renovated one-bedroom, one-bath cottage provides a turn-key income stream, while the accompanying antique main house presents a blank canvas for your dream renovation.
Modern Cottage Oasis:
Fully Renovated: New windows, doors, spray foam insulation, HVAC, hot water heater, plumbing, and electrical.
Stylish Interior: Gleaming hardwood floors, updated appliances, and a luxurious four-piece bathroom.
Luxurious Amenities: Enjoy the hot tub on the spacious 30’x10′ front deck.
Energy Efficient: New siding, roof, and gutters, plus underground electrical wiring.
Income Potential: Currently earning $250/night on Airbnb with potential for $1,800/month lease.
Tenant in Place: Lease through August 2024 ensures immediate rental income.
Historic Main House Project:
- 1775 Charm: Embrace the character and history of this antique home.
- Renovation Ready: Demolition has begun, allowing you to start fresh and create your dream home.
- Spacious Layout: 6 bedrooms and 2 bathrooms offer ample space for customization.
- Period Details: Stone fireplace in the living room and additional fireplaces in two downstairs bedrooms.
- Potential for Open Concept: Ideal layout for a modern kitchen and dining area.
- Budget-Friendly: Estimated renovation cost of $200,000-$250,000.
Additional Property Features:
- Attached Garage: 2-car attached garage for convenience and storage.
- Serene Setting: Enjoy the peace and quiet of a private location.
Your Dream Awaits!
This unique property offers multiple paths to homeownership and investment. Live comfortably in the renovated cottage while you bring the main house back to its former glory, or utilize both for rental income. The possibilities are endless!
Price: $240,000
Location: 7-11 Old Turnpike Rd S, East Canaan, CT 06024
From Zillow
