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Under $100k For A Bungalow Colony?

Under $100k For A Bungalow Colony? published on 2 Comments on Under $100k For A Bungalow Colony?

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Yes, that’s right. A six unit bungalow colony is up for sale for $93,900. The buildings sit on 5.45 acres in Kerhonkson, which is actually more desirable than most colony locations. Kerhonkson is Ulster County, close to Minnewaska State Park and Stone Ridge/High Falls/Rosendale.

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The 1940’s bungalows are listed to be in “fair condition”. Sounds too good to be true? Well, yeah, it is. Maybe.

Most of the structures do not look to be in salvageable condition, so really, you’re buying the property. My thoughts on empty property lot vs. tear down is as follows: I’m figuring that the electric, water, gas and sewage lines are already run with a preexisting colony. Many places we saw had propane and the lines may need updating, but am I wrong in thinking it’s still easier than starting from scratch?

Pop some cute pre-fab cottages in or vintage air streams and you’ve got yourself a colony…right around the corner from the Hudson Valley Resort and Spa.

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*Photo help from Miss Wit

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