For those with aspirations of knocking on doors and demanding to know where your tenant's rent is, there's an opportunity in Sag Harbor that might be of interest.
Set on two acres off of Route 114, this "rental complex" offers nine buildings in total: A three-bedroom main house, seven two-room cottages, and a one room office cottage. Currently, the place is fully rented with short term leases and, perhaps most importantly, plans to "add a room to each unit" have already been approved (those plans come with the sale). Right now, the yearly rent roll is $110,400, but renovations and additions could probably up that by a decent amount.
So, Curbed readers...worth the investment or does this one get a big ol' pass?
· Sag Harbor Investment Property - Proven Money Maker [Brown Harris Stevens]