• 5105 sqft , 6 bath , 9 bdrm 2 story – FOR SALE USD999,000 .
in Chestnuthill Township, Gilbert
Established facility for the serious equestrian.
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.
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.
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 current tenant & will be removed in August when tenant leaves. She will replace with 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 current 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
Proof of financial qualifications must be sent to listing broker prior to any showings. Thank you
LIST OF EXCLUDED ITEMS THAT BELONG TO TENANT WHO IS RENTING OUT STABLE IS ON FILE