635 South Street, Highland, NY 12528

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Suzanne H.

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Building Details:

• Year Built: 1950

635 South Street is aspecial purpose property for lease in Highland, NY. The property currently has 1 special purpose space for lease and is marketed by Ulster County Economic Development Alliance.

CasaBianca was a favorite destination resort for visitors from the New York Metro for many years prior to its transition to a 14-unit multi-family complex on 26.50 acres of wooded, park-like grounds. There is a pride of ownership in this well run and meticulously maintained complex with nine motel style units, one stand-alone unit, one 2 story/2 unit building, one single family home occupied by the Owner and a separate guest house. All units include quality interiors, fully equipped kitchens, washer and dryer, heat and water and separate electric meters. This turn-key investment is an opportunity to purchase a stable asset with excellent tenancy and a strong cash flow on actuals. A new owner could realize a greater return with a rental upside to increase currently under market rents. Potential uses are resort/lodge/retreat or religious center. Financials will be provided upon request.

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