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101 Margaret Street, Saranac Lake, NY 12983

$170,000
Property Type: Residential Income Square Footage: 2,450 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $170,000 List Date: 5/27/2021 Last Modified: 8/31/2024

Description

Well maintained Triplex in the heart of Saranac Lake! Close proximity to downtown, the rail trail, shopping/restaurants. This building has 3 units, one unit per floor. Each unit has 2 bedrooms and 1 bath and a large cure porch. These units are in great shape and spacious. Back stairs give each unit 2 exits. The owner has saved the 3rd floor apartment for herself to use when in town. This would make a great investment property, or property for someone who wants to live in one unit and rent out the others. The owner pays heat/hot water and the tenants pay their own electric. Newer furnace and 3 oil tanks in the basement. You could easily add coin wash to the basement area or also would make for great dry storage. You dont want to miss this!!

More Information MLS# 173497

Location, Tax, and Legal

Tax Annual Amount: 5148.71 Tax Assessed Value: 178200 APA: Rural Deed Date: 2021-05-27

Status Change Information

Status Change Timestamp: 2021-12-30 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2021-12-30T14:04:45Z Major Change Type: Status Change Under Contract Date: 2021-11-23 Close Date: 2021-12-30 Close Price: 170000

Appliances

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

Basement

Full: 1

Construction Materials

Block: 1 Cedar: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 11 Volume: 808

Documents Available

Deed: 1 Lead Paint: 1

Door Features

French Doors: 1

Electric

Net Meter: 1

Foundation Details

Stone: 1

Heating

Hot Water: 1 Oil: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Few Trees: 1 Many Trees: 1

Parking Features

Driveway: 1 No Garage: 1 Unpaved: 1

Road Frontage Type

Easement: 1

Roof

Metal: 1

Special Listing Conditions

Standard: 1

Structure Type

Up & Down: 1

Utilities

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

View

Neighborhood: 1

Window Features

Wood Frames: 1

Income and Expenses

Gross Income: 27600 Insurance Expense: 1200 Net Operating Income: 15600 Other Expense: 3900

Owner Pays

All Utilities: 1

Unit One

Unit #: 1 Actual Rent: 825 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 900

Unit Two

Unit #: 2 Actual Rent: 575 Bathrooms Full: 1 Beds Total: 2 Dishwasher: 1 Leased: Yes Range: 1 Total SqFt: 900

Unit Three

Unit #: 3 Actual Rent: 900 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 800

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Contract Information

Current Price: $170,000 Original List Price: 249000 Sold Price: $170,000 Status: Closed Listing Contract Date: 2021-05-27 Property Sub Type: Triplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 101 Street Name: Margaret Street Suffix: Street County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 447.61-10-10 Zoning: Residential Directions: From Bloomingdale ave turn onto Margaret st. Property will be on the right as you get to the top of the hill, look for sign

General Property Information

Number of Units: 7 Building Area Total: 2450 Year Built: 1907 Open Parking Spaces: 2 Lot Size Acres: 0.13 Water Body Name: None

Unit Details

Number Of Units Leased: 3

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Refrigerator Basement: Full Construction Materials: Block; Cedar Cooling: None Documents Available: Deed; Lead Paint Door Features: French Doors Electric: Net Meter Foundation Details: Stone Heating: Hot Water; Oil Listing Terms: Cash; Conventional Lot Features: Few Trees; Many Trees Owner Pays: All Utilities Parking Features: Driveway; No Garage; Unpaved Road Frontage Type: Easement Roof: Metal Special Listing Conditions: Standard Structure Type: Up & Down Utilities: Internet Available; Sewer Connected; Water Connected View: Neighborhood Window Features: Wood Frames Unit One: Range; Refrigerator Unit Two: Dishwasher; Range Unit Three: Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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