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100 Franklin Avenue, Saranac Lake, NY 12983

$230,000
Property Type: Residential Income Square Footage: 2,000 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $230,000 List Date: 9/06/2020 Last Modified: 8/31/2024

Description

Fully occupied 4-Unit Apt Building. Located in a quiet historic neighborhood just a few blocks from Main St, Moody Pond and Mt. Baker and right up the street from Lake Flower. Heated with oil or coal. The apartments are all bright and roomy. Nice foyer and porches! Garage for storage. Great, long-term tenants. Each apartment is metered separately. Easily converted to large single-family home or just live in one and rent three! Brand new roof on both Main Building and Garage. Consistent income at an affordable price makes for a great starter investment or a stable building for an experienced investor to add to what they already own. Management will stay on after sale if required.

More Information MLS# 170562

Location, Tax, and Legal

Tax Annual Amount: 3844.08 Tax Assessed Value: 135500 APA: Hamlet Deed Date: 1982-09-14

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: 0.1 Fireplace YN: Yes Number of Units: 8 Building Area Total: 2000 Year Built: 1930 Garage YN: 1 Attached Garage YN: 1 Open Parking Spaces: 5 Lot Size Acres: 0.1 Water Body Name: None

Status Change Information

Status Change Timestamp: 2021-02-08 Buyer Financing: Conventional Concessions Amount: 4000 Major Change Timestamp: 2021-02-08T20:33:42Z Major Change Type: Status Change Under Contract Date: 2020-11-16 Close Date: 2021-02-08 Close Price: 230000

Appliances

Electric Oven: 1 Electric Range: 1 Electric Water Heater: 1 Oil Water Heater: 1 Refrigerator: 1

Basement

Unfinished: 1

Construction Materials

Shingle Siding: 1 Other: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 161 Volume: 772

Documents Available

Deed: 1 Property Condition: 1

Door Features

French Doors: 1

Electric

100 Amp Service: 1 Net Meter: 1

Foundation Details

Block: 1

Heating

Coal: 1 Hot Water: 1 Oil: 1

Interior Features

Apartment: 1

Listing Terms

Cash: 1

Patio And Porch Features

Porch: 1

Road Frontage Type

Public: 1

Roof

Composition: 1 Metal: 1

Special Listing Conditions

Standard: 1

Structure Type

Up & Down: 1

Utilities

Cable Available: 1 Internet Available: 1 Sewer Connected: 1 Water Connected: 1

View

Neighborhood: 1

Window Features

Wood Frames: 1

Income and Expenses

Gross Income: 34800 Lawn Care/Snow Removal Expense: 1665 Insurance Expense: 2616.9 Net Operating Income: 15449 Operating Expense: 1 Other Expense: 10020.09 Trash Expense: 705.36

Unit One

Unit #: 1 Actual Rent: 0 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 817

Unit Two

Unit #: 2 Actual Rent: 0 Bathrooms Full: 1 Beds Total: 1 Dishwasher: 1 Leased: Yes Range: 1 Total SqFt: 511

Unit Three

Unit #: 3 Actual Rent: 0 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 444

Unit Four

Unit #: 4 Actual Rent: 0 Bathrooms Full: 1 Beds Total: 2 Range: 1 Refrigerator: 1 Total SqFt: 601

Unit Five

Leased: No Total SqFt: 0

Unit Six

Leased: No Total SqFt: 0

Unit Seven

Leased: No Total SqFt: 0

Unit Eight

Leased: No Total SqFt: 0

Contract Information

Current Price: $230,000 Original List Price: 249900 Sold Price: $230,000 Status: Closed Listing Contract Date: 2020-09-06 Property Sub Type: Quadruplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 100 Street Name: Franklin Street Suffix: Avenue County: Essex State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 32.OGB-1-16.000 Zoning: Mixed Directions: Corner of Helen and Franklin. From Pine st. turn onto Helen, house is one block up on right, from Church St. turn onto Helen , 3rd. left street. Floor plans for apartments are under documents attached to listing.

Unit Details

Number Of Units Leased: 4

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Oil Water Heater; Refrigerator Basement: Unfinished Construction Materials: Shingle Siding; Other Cooling: None Documents Available: Deed; Property Condition Door Features: French Doors Electric: 100 Amp Service; Net Meter Foundation Details: Block Heating: Coal; Hot Water; Oil Interior Features: Apartment Listing Terms: Cash Patio And Porch Features: Porch Road Frontage Type: Public Roof: Composition; Metal Special Listing Conditions: Standard Structure Type: Up & Down Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Neighborhood Window Features: Wood Frames Unit One: Range; Refrigerator Unit Two: Dishwasher; Range Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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