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Adirondack Real Estate

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135 Broadway, Saranac Lake, NY 12983

$295,000
Property Type: Residential Income Square Footage: 7,738 Lot Size (sq. ft.): 14,375 Status: Closed
Current Price: $295,000 List Date: 11/22/2013 Last Modified: 8/31/2024

Description

This building has all the income generation for an investor with very little maintenance for its size. The owner put on a new roof, new heating system, and all new windows in the last 5 years. Building has a good rental history with half of the building being tenants for multiple years. Saranac lake is a growing community and this is an opportunity to get an investment property for extra income.

More Information MLS# 148047

Location, Tax, and Legal

Tax Annual Amount: 10000 Tax Assessed Value: 278000 APA: Hamlet Deed Date: 2006-08-31

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: .33 Number of Units: 8 Building Area Total: 7738 Year Built: 1930 Open Parking Spaces: 10 Lot Size Acres: 0.33 Water Body Name: None

Status Change Information

Status Change Timestamp: 2014-10-01 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2014-10-01T20:08:42Z Major Change Type: Status Change Under Contract Date: 2014-08-10 Close Date: 2014-10-01 Close Price: 295000

Appliances

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

Basement

Partially Finished: 1

Construction Materials

Brick: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 162 Volume: 925

Electric

Net Meter: 1

Exterior Features

Lighting: 1

Heating

Hot Water: 1 Oil: 1 Steam: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

No Garage: 1

Roof

Flat: 1 Rolled/Hot Mop: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 Mountain(s): 1

Window Features

Insulated Windows: 1

Income and Expenses

Gross Income: 9100 Lawn Care/Snow Removal Expense: 200 Insurance Expense: 600 Manager Expense: 600 Net Operating Income: 5245 Operating Expense: 1 Other Expense: 140 Trash Expense: 270

Unit One

Leased: No Total SqFt: 0

Unit Two

Leased: No Total SqFt: 0

Unit Three

Leased: No Total SqFt: 0

Unit Four

Total SqFt: 0

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: $295,000 Original List Price: 399000 Sold Price: $295,000 Status: Closed Listing Contract Date: 2013-11-22 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 135 Street Name: Broadway County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Saranac Lake School District: Saranac Lake Parcel Number: 446.68-7-5.100 Zoning: Commercial Directions: Broadway across from Adult center

Unit Details

Number Of Units Leased: 14

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Partially Finished Construction Materials: Brick; Wood Siding Cooling: None Electric: Net Meter Exterior Features: Lighting Heating: Hot Water; Oil; Steam Listing Terms: Cash; Conventional Parking Features: No Garage Roof: Flat; Rolled/Hot Mop Special Listing Conditions: Standard Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Mountain(s) Window Features: Insulated Windows
Listing Courtesy of Four Seasons Sotheby's International Realty
IDX
Information deemed reliable but not guaranteed.
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