MLS® ID: 6004147
76 Willow Avenue
Cornwall, New York, 12518 $849,999
Rare development or investment opportunity in Cornwall, NY. The Maplehurst Inn is located directly in the Town of Cornwall and features 18 bedrooms and 4 bathrooms on over 3 acres of flat land. This fully rented rooming house was renovated in 2018 with new bathrooms, a newly installed sprinkler system, and a refinished main lobby. The property is located directly in town, with close proximity to Main Street and all shopping. Current zoning(without variances) calls for 6 single family homes or the building can be left as a rooming house. Cap rate is 6.5%. Rents are below market value due to a significant number of long term tenants.