3 Prospect Street, Stamford, NY 12167

Property Description

"THE IDLEWILD" | Timeless Charm & Turn-Key Income in the Catskills Welcome to The Idlewild — a historic 1888 boarding house thoughtfully converted into a fully rented, income-producing property while preserving its original exterior charm. The main house features four apartments with the potential for a fifth unit on the third floor. From the second-floor balcony, the mountain views stretch endlessly, offering a daily reminder of why people come to this region to relax, explore, and stay. Tucked away at the rear of the property is a charming, FULLY RENOVATED, 2bd 1 bath Carriage house that has a living room and full eat in kitchen with a spacious private lawn away from the main building that makes it perfect for owner occupancy, weekend getaways, or a high-appeal Airbnb rental that all pays for itself. Guests (or owners) can enjoy their own private outdoor space while being just a short stroll to Main Street, where local coffee shops, grocery stores, boutiques, banks, and restaurants offer small-town charm and convenience. The property has been lovingly maintained and smartly upgraded with a newer roof, all-new utilities, spray-foamed basement, rebuilt porch, brand new back deck and a refreshed driveway. Municipal water and sewer mean less hassle and more peace of mind. With a gross annual income of $72,000 and room to grow, The Idlewild isn’t just a property — it’s a chance to own a piece of local history with built-in value and future potential.