47 Rock Road N | Carmel
A rare opportunity to acquire approximately 36 acres of income-producing lakefront property just\none hour north of New York City, with convenient access by both car and Metro-North.\n\nThe property combines immediate cash flow, substantial acreage, recreational appeal, and\nsignificant long-term development potential.\n\nThe compound includes 11 homes, a fully on-grid tiny house, and an Argosy camper. The owner\nholds six of the homes outright, while five additional homes occupy the property under land\nleases. Together, these assets generate both residential rental income and recurring land-lease\nrevenue. When fully occupied, the property produces a 7.5% capitalization rate, offering\ninvestors a turn-key opportunity with established income from day one. All current tenants are\non month-to-month leases allowing for maximum flexibility for the new owner.\n\nThe property also presents a compelling opportunity for an owner-user seeking a private\nHudson Valley retreat. An owner could create an expansive upstate compound where family and\nfriends gather for weekends of boating, hiking, and outdoor recreation, while the existing homes\nand land leases help offset the cost of ownership. The acreage also provides ample space to\ndevelop a private estate or multi-generational family compound.\n\nThe current owners use the house at 47 Rock Rd, along with the attached OneKeyMLS 1037855
