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126-130 Broadway, Saranac Lake, NY 12983

$405,000
Property Type: Residential Income Square Footage: 5,994 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $405,000 List Date: 6/03/2021 Last Modified: 8/31/2024

Description

Two buildings with a very visible storefront and 6 apartments. Many improvements have been made including roof, 3 new furnaces, wiring, siding, windows, floors, fantastic income is produced from the 6 residential units. Full basement under both buildings could create more income. Located on a main artery into Saranac Lake from the hospital, Lake Colby Beach, great spot for any business, others on this block include, Convenient Store, 2 Restaurants, Federal Credit Union, Adult Center, Professional offices. Close to Saranac lake chain of lakes, Ampersand Bay on Lower Saranac Lake, Lake Colby, Downtown Saranac Lake, be a part of this blooming area of Saranac lake very close to new rec trails!

More Information MLS# 173609

Location, Tax, and Legal

Tax Annual Amount: 7500 Tax Assessed Value: 252600 APA: Hamlet Deed Date: 2013-09-25

General Property Information

Number Of Buildings: 2 Lot Size Dimensions: .28 Number of Units: 8 Building Area Total: 5994 Year Built: 1923 Open Parking Spaces: 10 Lot Size Acres: 0.28 Water Body Name: None

Status Change Information

Status Change Timestamp: 2021-10-25 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2021-10-25T19:37:14Z Major Change Type: Status Change Under Contract Date: 2021-06-04 Close Date: 2021-10-25 Close Price: 405000

Appliances

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

Basement

Full: 1 Walk-Out Access: 1

Construction Materials

Brick: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 4764 Volume: 2015

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

Storage: 1

Heating

Forced Air: 1 Hot Water: 1 Oil: 1

Interior Features

Apartment: 1 Ceiling Fan(s): 1

Listing Terms

Cash: 1

Other Structures

Outbuilding: 1

Parking Features

Deck: 1 No Garage: 1 Covered Spaces: 10

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 Neighborhood: 1

Window Features

Wood Frames: 1

Income and Expenses

Gross Income: 114000 Lawn Care/Snow Removal Expense: 700 Insurance Expense: 5000 Net Operating Income: 49408 Operating Expense: 1 Other Expense: 9156 Trash Expense: 1320

Unit One

Unit #: 126 Actual Rent: 800 Bathrooms Full: 1 Beds Total: 2 Leased: No Total SqFt: 0

Unit Two

Unit #: 126 Actual Rent: 1100 Bathrooms Full: 1 Beds Total: 2 Leased: No Total SqFt: 0

Unit Three

Unit #: 126 Actual Rent: 1100 Beds Total: 3 Leased: No Total SqFt: 0

Unit Four

Unit #: 126 Actual Rent: 600 Total SqFt: 0

Unit Five

Unit #: 130 Actual Rent: 550 Bathrooms Half: 1 Leased: No Total SqFt: 0

Unit Six

Unit #: 130 Actual Rent: 900 Bathrooms Full: 1 Beds Total: 2 Leased: No Total SqFt: 0

Unit Seven

Unit #: 130 Actual Rent: 700 Beds Total: 1 Leased: No Total SqFt: 0

Unit Eight

Unit #: 130 Actual Rent: 750 Beds Total: 1 Leased: No Total SqFt: 0

Contract Information

Current Price: $405,000 Original List Price: 410000 Sold Price: $405,000 Status: Closed Listing Contract Date: 2021-06-03 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 126-130 Street Name: Broadway County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.68-6-15,16 Zoning: Commercial Directions: Take Broadway thru light at Bloomingdale intersection, these two buildings are just beyond the Firehouse on right.

Unit Details

Number Of Units Leased: 7

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Full; Walk-Out Access Construction Materials: Brick; Wood Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Exterior Features: Storage Heating: Forced Air; Hot Water; Oil Interior Features: Apartment; Ceiling Fan(s) Listing Terms: Cash Other Structures: Outbuilding Parking Features: Deck; No Garage Road Frontage Type: Public Road Surface Type: Paved Roof: Flat Special Listing Conditions: Standard Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Neighborhood Window Features: Wood Frames
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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