DESCRIPTION
12-unit cottage colony along with a three-bedroom, two story home on Fourth Lake, within walking distance to Town of Inlet.

The main house has been completely renovated within the last six years. Renovations include hot water baseboard gas heat, Anderson windows and doors, carpeting, vinyl flooring, plumbing, new electrical, new insulation, 12KW generator and more. The large kitchen has ample top of the line Kraftmaid cabinets, with plenty of counter space. There is a direct view of Fourth Lake through a large bow window in the kitchen dining area. All well maintained appliances are included. House has three large bedrooms with ample closet space and two full bathrooms. There is a comfortable living room with bow window sitting area and knotting pine wanes coating. There is a covered porch off from the living room from which some of the area's most sensational sunsets can be viewed. House also includes laundry room and office for cottage rental business. Totally knotty pine office/den with fireplace added to main house Spring of 2007.

There are twelve seasonal rental cottages, along with a separate cottage for storage. Cottages have been very well maintained through the years. Five cottages are motel style consisting of bedrooms and bathrooms, sleeping two to four people. There are seven cottages consisting of one, two or three bedrooms, kitchens with fall size stoves and refrigerators and bathrooms. All cottages are fully furnished, including linens. Nelson's Cottages have been in operation for the past 56 years and has 75% return business from year to year. There is close to 100% occupancy in July and August, along with a great fall season business.

New Engineered designed and State approved septic system for house and cottages installed in Fall of 2006.

The lakefront consists of a large lawn area with several trees and 66' of sand beach with a walkway and dock. There is a fireplace near the water for guests to enjoy campfires while watching the sun set behind the mountains. There is a large area by the road entrance where there is room for a motel or additional cottages for those looking for additional income possibilities.

The Town of Inlet is a small friendly town with many shops and restaurants. This property is located in the hamlet (of Inlet), which allows for fewer restrictions from the Adirondack Park Agency should new owner want to make changes to current and/or new buildings.

This well established business is perfect for a family or a retired couple looking for some extra income. Please refer to our website, listed below, for complete business description and pictures of cottages. Property is also perfect to make into a private residence, with lots of space and accommodations for large family gatherings.

FEATURES

PRICE
$1,200,000
For estimated payments, click here for our mortgage calculator.

OWNER'S CONTACT INFORMATION
Thank you for mentioning Adirondack "By Owner" when you call or email.

Owner's telephone numbers: 315-357-4111

Owner's email address: nelcott@telenet.net   

Owner's personal websites for this property: http://www.nelsonscottages.com 
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Home: Real Estate for Sale: Old Forge Region: Listing 0106

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