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Description

This well-maintained, income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others, or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including a new roof, high-efficiency boiler, and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units.Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!

Features

• Property Type: Multi Family Home
• Sub Type: Quadruplex
• Listing Status: Active
• County/Area: Franklin County
• Zip Code: 12983
• Year Built: 1930
• School District: Saranac Lake
• Style: Old Style
• Stories: 2 Story
• Garage: 2 Car
• # of Parking Spaces: 4.00
• Lot Size: 11761 sq ft lot
• View: Mountain(s)
• Zoning: Residential
• Appliances: Dishwasher, Refrigerator, Electric Oven
• Building Area Total: 3396.00
• Construction Materials: Aluminum Siding
• Directions: If You Are In Downtown Saranac Lake, Head West On Bloomingdale Avenue (Ny-3 W). Continue Straight Until You Reach Sumner Place, Then Turn Left. 24 Sumner Place Will Be On Your Left.
• Electric: 200+ Amp Service
• Flooring: Combination
• Foundation Details: Poured
• Fuel Expense: 4100.00
• Gross Income: 33000.00
• Heating: Hot Water, Propane
• Laundry Features: Washer Hookup
• Levels: Two
• Number Of Separate Electric Meters: 5
• Open Parking Spaces: 2.00
• Open Parking YN: Yes
• Other Structures: Garage(S)
• Parking Features: Driveway, Garage Faces Side
• Roof: Metal
• Sewer: Public Sewer
• Stories Total: 2
• Structure Type: Multi Family, Quadruplex
• Tax Annual Amount: 3896.00
• Unit Details: Number Of Units Leased: 4
• Utilities: Electricity Connected, Water Connected, Sewer Connected, Propane, Internet Available
• Water Sewer Expense: 480.00
• Water Source: Public
• Window Features: Single Pane Windows, Storm Window(S)