💰 $144K+ in Annual Rental Income Across FOUR Units on 37.5 Acres

🍎 $1.275M • 4 Income-Producing Units • 2 Luxury STR Cottages + 2 Long-Term Rentals • 37.5-Acre Legacy Apple Orchard • Hot Tubs • Furnished • Near Lake Placid

📩 Interested in this property?

👉 🏡 Express Interest in this property here.

🚨 $144K+ in Annual Rental Income—and You're Getting Four Units on 37.5 Acres

This is a very different type of STR investment than the typical single cabin or vacation home we feature.

Offered at $1,275,000, this 37.5-acre legacy apple orchard generates more than $144,000 in total annual rental income across four separate units: two luxury short-term rental cottages plus two apartments in a barn duplex that are rented long term.

That gives an investor something especially interesting—multiple income streams and a mix of short-term and long-term rentals on the same property.

The STR side includes two highly experiential stays: a Solar Cottage with panoramic High Peaks views, a private deck and hot tub, plus a separate log Chalet with a screened porch, loft bedroom, and its own hot tub.

And because the property is sold furnished and sits within 30 minutes of Lake Placid, a buyer is getting an established rental operation alongside 37.5 acres of genuinely distinctive underlying real estate.

For someone who wants income today but also likes the long-term optionality of owning acreage, multiple structures, and an orchard, this is a fascinating one.

📩 Interested in this property?

👉 🏡 View the property and express interest here.

🏡 The Asset

238 Paye Rd

Vermontville, NY 12989

💰 Offered at: $1,275,000

• 4 Rental Units

• 6 Bedrooms

• 5 Bathrooms

• 2,482 Sq Ft

• 37.5 Acres

• $144,000+ in Total Annual Rental Income

• 2 Luxury Short-Term Rental Cottages

• 2 Long-Term Rental Apartments

• Legacy Apple Orchard

• Sold Furnished

• Multiple Hot Tubs

• Panoramic High Peaks Views

• Within 30 Minutes of Lake Placid

• Potential Private Family Compound

This isn't simply a vacation rental. It's a four-unit rental operation sitting on a substantial piece of Adirondack-area land.

💰 $144K+ in Annual Rental Income

The existing income is the first part of the story.

According to the listing, the property's four units collectively generate:

More Than $144,000 Annually

Against the $1.275M asking price, that equates to gross annual rental income of approximately 11.3% of the purchase price.

But unlike a single STR producing that revenue, the income here is diversified across four individual rental units and two different rental strategies.

Buyers should independently verify rental statements, unit-level revenue, expenses, occupancy, leases, STR permitting, management costs, and future income expectations.

🔑 Four Units, Two Rental Strategies

This may be the most compelling part of the property.

Rather than depending entirely on vacation-rental demand, the existing operation combines:

🏡 2 Luxury Short-Term Rental Cottages

with

🔑 2 Long-Term Rental Apartments

The long-term apartments are located within a barn duplex, while the two standalone cottages operate as vacation rentals.

That gives an investor multiple sources of revenue rather than relying on the performance of a single listing.

It also creates operational flexibility if a future owner wants to rethink how different parts of the property are used.

☀️ The Solar Cottage

The first vacation rental is the Solar Cottage, offering a private mountain-oriented guest experience.

Features include:

🍳 Full kitchen

🍽️ Dining area

🛏️ Bedroom

🚿 Full bathroom

🌄 Panoramic High Peaks views

🌲 Private deck

♨️ Hot tub

The combination of mountain views and a private hot tub gives the cottage exactly the kind of experiential hook that can help a small STR feel like a destination rather than simply another place to sleep.

🪵 The Chalet Log Cabin

The second STR offers a completely different aesthetic.

The Chalet log cabin includes:

🌲 Classic log-cabin character

🍳 Full kitchen

🚿 Full bathroom

🚽 Additional half bathroom

🛏️ Loft bedroom

🌿 Covered screened porch

♨️ Private hot tub

Together, the two cottages allow an operator to market distinct guest experiences while benefiting from the efficiencies of managing both on the same property.

🏠 Two Long-Term Apartments

The property's barn also contains a duplex with:

Two Long-Term Rental Units

That adds a stabilizing component to the income mix.

Instead of every dollar being dependent on nightly rates and vacation-rental occupancy, a portion of the property's revenue comes from traditional tenants.

For an investor who likes STR economics but appreciates diversification, that's a noteworthy structure.

🍎 37.5 Acres of Legacy Apple Orchard

Then there's the underlying land.

This isn't four rental units squeezed onto a conventional residential parcel.

They're situated on a:

37.5-Acre Legacy Apple Orchard

That acreage gives the property a sense of privacy, scale, and identity that's exceptionally difficult to recreate.

It also opens the door to a much broader ownership thesis.

The property could potentially function as:

🏡 A multi-unit rental investment

🍎 An experiential orchard getaway

👨‍👩‍👧‍👦 A private family compound

🌄 A second-home property with income

🔑 A hybrid of personal and rental use

Any new commercial uses, events, additional structures, or redevelopment would of course require independent confirmation of zoning, permitting, utilities, and other applicable restrictions.

🌄 Near Lake Placid

The property is located within approximately 30 minutes of Lake Placid, giving guests access to one of the Adirondacks' best-known year-round destinations.

That can support multiple types of trips throughout the year, from mountain and outdoor getaways to seasonal vacations.

Yet guests return to an entirely different experience:

37.5 private acres, an orchard, mountain views, standalone cottages, and private hot tubs.

That separation between attraction access and on-property privacy is a strong part of the appeal.

♨️ Built Around the Guest Experience

Both short-term rental cottages have their own hot-tub experience.

That matters because these units aren't trying to compete as generic apartments.

Guests are booking:

🌄 Mountain views

♨️ Private hot tubs

🌲 Privacy

🪵 Cabin character

🍎 An orchard setting

🏔️ Access to the Adirondacks

Those are tangible experiential elements that can translate well into listing photography and guest reviews.

🛋️ Sold Furnished

The property is being offered furnished, which makes the transition particularly attractive for a buyer intending to continue the existing rental operation.

Instead of furnishing multiple units from scratch, a buyer can acquire the underlying real estate and existing furnished accommodations together.

With four units involved, avoiding a complete furnishing project can represent meaningful savings in both capital and time.

📈 The Investment Story

There are several different ways to look at this opportunity.

The Income:

💰 $144K+ in total annual rental income

The Price:

🏡 $1.275M

The Rental Mix:

🔑 2 short-term rentals + 2 long-term rentals

The Real Estate:

🍎 37.5-acre legacy apple orchard

The Lifestyle:

🌄 Mountain views + hot tubs + proximity to Lake Placid

That combination is what makes this property unusual.

You're not paying $1.275M solely for an STR revenue stream. You're acquiring four income-producing units plus a substantial acreage asset with a unique identity of its own.

💸 Financing & Tax Angle

Because this property contains four rental units on 37.5 acres with a mix of short- and long-term rental use, financing may look different from a conventional single-family STR purchase.

Potential structures could include:

✔ Investment-property financing

✔ Portfolio lending

✔ Commercial or small-balance multifamily financing, depending on the property's legal configuration

✔ Other specialty financing

Qualifying investors may also want to discuss cost segregation and depreciation strategies with their tax professionals given the multiple structures and income-producing use.

The property's exact legal configuration, leases, rental financials, land use, and lender treatment should all be confirmed during diligence.

👉 Explore STR financing options here.

🏡 Need Help Finding Your Own STR?

If you've been thinking about buying a vacation rental but keep getting stuck on what to buy or where to invest, we partner with a team that helps investors identify fully underwritten, data-backed STR opportunities.

Within approximately 48 hours, they'll match you with investment opportunities complete with:

✔ Revenue projections

✔ Market selection

✔ Property recommendations

✔ Design guidance

✔ Listing optimization

✔ Management recommendations

✔ Pricing strategy

👉 See available STR opportunities here.

In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.

To date, they've helped investors acquire:

🏡 375+ properties

💰 $60M+ in rental revenue

📉 $25M+ in estimated tax savings

👉 Get matched with an STR investment opportunity here.

🏡 Looking to Sell Your STR?

Own a high-performing vacation rental or unique hospitality property?

The Offer Sheet may be interested in:

✔ Buying it directly off market

✔ Facilitating a transaction

✔ Connecting you with qualified buyers from our nationwide investor audience

📩 Simply reply to this email if you'd like to have a conversation.

🎯 Why This One Stands Out

1. 💰 $144K+ in Annual Rental Income

The four units collectively generate more than $144,000 in annual rental income against a $1.275M asking price.

2. 🔑 Four Separate Income-Producing Units

You're acquiring two luxury vacation rentals plus two long-term rental apartments, providing diversification that a traditional single-property STR can't offer.

3. 🍎 37.5 Acres

The four-unit operation sits on a 37.5-acre legacy apple orchard, giving the underlying property substantial character, privacy, and long-term optionality.

4. ♨️ Two Distinct Luxury STRs

Both vacation rentals offer their own identity and private hot tubs, while the Solar Cottage adds panoramic High Peaks views and the Chalet delivers classic log-cabin appeal.

5. 🏔️ Lake Placid Access

Guests can reach Lake Placid in approximately 30 minutes while staying on a private orchard property that feels completely removed from a conventional vacation-rental setting.

⚡ Bottom Line

The headline is $144,000+ in annual rental income at a $1.275M asking price.

But the real story is what you're buying underneath that revenue:

Four rental units. Two STR cottages. Two long-term apartments. 37.5 acres. A legacy apple orchard. Mountain views. Private hot tubs. And proximity to Lake Placid.

For investors who want more than a single vacation home—and like the idea of combining existing income, diversified rentals, substantial acreage, and long-term optionality—this is one of the more unusual properties we've featured.

📲 Express Interest

Ready to dig deeper into the property?

👉 🏡 View the listing and express interest here.

👉 🏡 View the listing and express interest here.