Welcome to 74 Killicut Mountain Road, Nestled on 34.14 private
acres on a quiet dead-end mountain road, this exceptional 4-5
bedroom, 4 full bath home offers the perfect blend of luxury,
comfort, and country living. Surrounded by natural beauty in a
desirable location, the home provides peace, relaxation, and
endless possibilities. Designed for both entertaining and everyday
living, the spacious home features ceramic tile, hardwood, and
luxury vinyl flooring throughout. A stunning great room showcases a
fresh-air draft wood-burning fireplace, creating a warm and
inviting atmosphere, while the living room offers additional
comfort with an electric fireplace. Enjoy the outdoors from the
expansive wraparound porch spanning three sides of the home- the
perfect place to relax and take in the backyard views of your
horses in the pasture, family enjoying the 16X32ft inground pool,
and the wooded serene surroundings. The property outside of the
home is equally impressive with the heated inground pool, stable,
the fenced horse pasture, and with 34+ acres there is so much more
room to grow and enjoy this expansive property, making it ideal for
equestrian enthusiasts, ATV's, Hunting, hobby farming or
homesteading. The basement conversion is nearly complete, adding
valuable living area to the home, making it a perfect space for
family to enjoy time here, in-law apartment, or an income-producing
apartment. There is a second structure on the property that was
once an apartment, and can easily convert back to one, adding
incredible value and investment potential to the property. This
rare offering combines relaxation, acreage, recreational amenities,
and income opportunities- all in a sought-after mountain setting.
Only minutes to both Lake George and Lake Champlain to enjoy
boating or other water sports, as well as exit 28 on I87, making it
easy to travel for work, and to all of the area amenities, from
shopping, dinning, to winter sports such as skiing in Lake Placid
and VT.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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