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Adirondack Real Estate

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132 Old Lake Colby Rd Road, Saranac Lake, NY 12983

$175,000
Property Type: Residential Income Square Footage: 3,272 Lot Size (sq. ft.): 26,572 Status: Closed
Current Price: $175,000 List Date: 9/26/2023 Last Modified: 3/07/2025

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.

More Information MLS# 200590

Location, Tax, and Legal

Tax Annual Amount: 5096.42 Tax Assessed Value: 226027 Land Tax Annual Amount: 1098.28 APA: Hamlet Deed Date: 2013-10-11

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: .61 Stories Total: 2 Fireplace YN: Yes Number of Units: 5 Building Area Total: 3272 Year Built: 1980 Open Parking YN: 1 Open Parking Spaces: 8 Parking Total: 8 Lot Size Acres: 0.61 Water Body Name: None

Status Change Information

Status Change Timestamp: 2025-03-07 Concessions: No Buyer Financing: Commercial Loan Major Change Timestamp: 2025-03-07T17:28:36Z Major Change Type: Status Change Price Change Timestamp: 2024-03-13T22:43:22Z Under Contract Date: 2024-08-09 Close Date: 2025-03-05 Close Price: 175000

Appliances

Range: 1 Refrigerator: 1 Washer/Dryer Stacked: 1

Architectural Style

Traditional: 1

Basement

Unfinished: 1

Construction Materials

Frame: 1 Stucco: 1

Cooling

None: 1

Deed Details

Instrument: deed Volume: 2013

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Financial Details

School Taxes: 1173.15 Village Taxes: 2224.99

Flooring

Carpet: 1 Hardwood: 1 Linoleum: 1

Foundation Details

Stone: 1

Heating

Oil: 1

Interior Features

Apartment: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Private: 1 Rectangular Lot: 1 Rolling Slope: 1

Parking Features

Gravel: 1 On Site: 1

Patio And Porch Features

Front Porch: 1 Side Porch: 1

Property Condition

Fixer: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Structure Type

Front & Back: 1 House: 1 Up & Down: 1

Utilities

Electricity Connected: 1 Internet Available: 1 Phone Available: 1 Sewer Connected: 1 Water Connected: 1

View

Neighborhood: 1

Water Source

Public: 1

Window Features

Vinyl Clad Windows: 1

Owner Pays

Hot Water: 1 Insurance: 1 Management: 1 Sewer: 1 Taxes: 1 Trash Collection: 1 Water: 1

Tenant Pays

Electricity: 1 Gas: 1

Unit One

Unit #: 1 Actual Rent: 850 Leased: Yes

Unit Two

Unit #: 4 Actual Rent: 0 Leased: No

Unit Three

Unit #: 1 Actual Rent: 0 Beds Total: 1 Leased: No

Unit Four

Unit #: 2 Actual Rent: 750 Leased: Yes Range: 1 Refrigerator: 1

Unit Five

Unit #: 3 Actual Rent: 625 Leased: Yes Range: 1 Refrigerator: 1

Contract Information

Current Price: $175,000 Original List Price: 199000 Sold Price: $175,000 Status: Closed Listing Contract Date: 2023-09-26 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 132 Street Name: Old Lake Colby Rd Street Suffix: Road County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.44-1-12.200 Zoning: Mixed Directions: take Broadway bear right onto Old Lake Colby Rd . look for 132 on right.

Unit Details

Number Of Units Leased: 3

Property Features

Appliances: Range; Refrigerator; Washer/Dryer Stacked Architectural Style: Traditional Basement: Unfinished Construction Materials: Frame; Stucco Cooling: None Documents Available: Deed Electric: 200+ Amp Service Exemptions: No Exemptions Flooring: Carpet; Hardwood; Linoleum Foundation Details: Stone Heating: Oil Interior Features: Apartment Listing Terms: Cash; Conventional Lot Features: Private; Rectangular Lot; Rolling Slope Owner Pays: Hot Water; Insurance; Management; Sewer; Taxes; Trash Collection; Water 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 Structure Type: Front & Back; House; Up & Down Tenant Pays: Electricity; Gas Utilities: Electricity Connected; Internet Available; Phone Available; Sewer Connected; Water Connected View: Neighborhood Water Source: Public Window Features: Vinyl Clad Windows Unit Four: Range; Refrigerator Unit Five: Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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