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Description

Great building on a large lot located close to community beach, trails, and Adirondack Medical Center. Five large, easy to rent units. Three units currently occupied month to month at under market rates with room to improve. Potential for shop/garage space or an additional unit as well. Two units currently vacant in varying stages of rehab. Building is profitable even with vacancies so high potential for great cash flow once fully occupied at market rates. Apt 2 has full porch and a storage attic. Fireplace, washer and dryer in apt 1. Apt 3 also has its own washer/dryer. 48 Hour Notice is preferable for showings.

Features

• Property Type: Multi Family Home
• Sub Type: Apartment
• Listing Status: Active
• County/Area: Franklin County
• Zip Code: 12983
• Year Built: 1980
• School District: Saranac Lake
• Style: Traditional
• Units: 5 units
• Basement: Unfinished
• # of Parking Spaces: 8.00
• Fireplace: Yes
• Lot Size: 0.61 acres
• View: Neighborhood
• Zoning: Mixed
• Appliances: Range, Washer/Dryer Stacked, Refrigerator
• Building Area Total: 3272.00
• Construction Materials: Frame, Stucco
• Directions: Take Broadway Bear Right Onto Old Lake Colby Rd . Look For 132 On Right.
• Electric: 200+ Amp Service
• Flooring: Carpet, Linoleum, Hardwood
• Foundation Details: Stone
• Heating: Oil
• Interior Features: Apartment
• Lot Features: Private, Rectangular Lot, Rolling Slope
• Number Of Buildings: 1
• Open Parking Spaces: 8.00
• Open Parking YN: Yes
• Owner Pays: Hot Water, Water, Sewer, Trash Collection, Taxes, Management, Insurance
• Parking Features: Gravel, On Site
• Patio And Porch Features: Front Porch, Side Porch
• Property Condition: Fixer
• Road Frontage Type: Public
• Road Surface Type: Paved
• Roof: Metal
• Sewer: Public Sewer
• Stories Total: 2
• Structure Type: Front & Back, Up & Down, House
• Tax Annual Amount: 5096.42
• Tenant Pays: Electricity, Gas
• Unit Details: Number Of Units Leased: 3
• Unit Five: Range, Refrigerator
• Unit Five: Actual Rent: 625.00
• Unit Five: Leased: Yes
• Unit Five: Unit #: 3
• Unit Four: Range, Refrigerator
• Unit Four: Actual Rent: 750.00
• Unit Four: Leased: Yes
• Unit Four: Unit #: 2
• Unit One: Actual Rent: 850.00
• Unit One: Leased: Yes
• Unit One: Unit #: 1
• Unit Three: Beds Total: 1
• Unit Three: Unit #: 1
• Unit Two: Unit #: 4
• Utilities: Electricity Connected, Water Connected, Sewer Connected, Phone Available, Internet Available
• Water Source: Public
• Window Features: Vinyl Clad Windows