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$950,000

Established facility for the serious equestrian.

Gilbert , Monroe County , Pennsylvania

9.77
ACRES
9
BEDROOMS
6
BATH
5105
SQ FT
covered arena • hay barn • fenced • second house • pond • 2 barns with 40 stalls

Property description

Horse Farm - finance your mortgage w/ 3 unit rental income.
Proof of financial qualifications must be sent to listing broker prior to any showings. Thank you.


Details

Home Features

  • MAIN RESIDENCE
  • The Saltbox style home has 4 bedrooms & 3 bathrooms. Wood floors throughout main & 2nd floors. Master bedroom/sitting area combo on 2nd floor. Loft area can be used as an office or exercise room. The kitchen was updated 7 years ago & features granite counter tops, stainless steel appliances & tile flooring. Bathrooms have been updated with new tile & granite sinks. The basement contains separate living quarters with kitchen, living room, bedroom & updated ¾ bathroom - perfect for an in-law suite or housing stable manager or groom. 2 car detached garage.
  • APARTMENT COMPLEX
  • Consists of well-maintained 2 two bedroom units & 1 one bedroom unit + shared laundry facility. Separate septic system for apartment complex. Excellent rental history with a group of stable & good tenants who would like to stay on.

Horse Facility Features

  • STABLE COMPLEX
  • Handsomely appointed box stalls. Beautiful & spacious indoor riding arena with heated lounge. Grooming/tack area conveniently situated at entrance of indoor ring. Restroom, hot walker, 6 paddocks. Footing in indoor ring belongs to previous tenant - she will replace w/ basic footing or sell footing to new owner. Pond in rear of property. Ample parking for both cars & trailers.
  • Separate 9 stall barn + shed row with stalls that can be used for quarantine. Separate outbuildings to house sawdust & equipment.
  • Although there are 40 stalls in total, current Nutrient Management Program (NMP) allows for 20 horses on the property- this can change depending on number of pastures in use. The NMP can be purchased from previous tenant. Details on file.
  • Enjoy the income this property produces! Annual gross rent of $63,600 which includes rent of stable complex. Rent is way below market value - projected increase in rent is between 8-9K more per year. Could never build all the infrastructure at this price! Non-conformance agreement for zoning.
  • Large barn & indoor arena on separate meter.
  • Upper barn, outside lighting, garage, & well pump & laundry room on separate meter.

Distances


Information deemed reliable, but not guaranteed. Buyer to verify all information


Location

167 Old Stagecoach Rd, Gilbert, Monroe County, Pennsylvania


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