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163 Park Avenue, Saranac Lake, NY 12983

$196,000
Property Type: Residential Income Square Footage: 5,985 Lot Size (sq. ft.): 7,841 Status: Closed
Current Price: $196,000 List Date: 4/24/2012 Last Modified: 8/31/2024

Description

Large two bedroom apartments each with enclosed porches. Insulated building with updated electric and mostly new windows. Requires minimal maintenance and has income potential as rents appear to be below market for similar units. The property has a coin operated washer and dryer that generates approximately $600-800 per year.

More Information MLS# 142573

Location, Tax, and Legal

Tax Annual Amount: 5315 Tax Assessed Value: 215000 APA: Hamlet Deed Date: 1986-12-12

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: 94 x 90 Number of Units: 8 Building Area Total: 5985 Year Built: 1935 Open Parking Spaces: 9 Lot Size Acres: 0.18 Water Body Name: None Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2012-11-28 Buyer Financing: Seller Financing Concessions Amount: 0 Major Change Timestamp: 2012-11-28T15:32:57Z Major Change Type: Status Change Close Date: 2012-11-28 Close Price: 196000

Appliances

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

Basement

Full: 1 Unfinished: 1

Construction Materials

Cedar: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 877 Volume: 527

Documents Available

Deed: 1 Property Condition: 1 Survey: 1

Electric

100 Amp Service: 1

Heating

Hot Water: 1 Oil: 1

Interior Features

Apartment: 1

Lot Features

Level: 1

Parking Features

No Garage: 1

Patio And Porch Features

Porch: 1

Road Frontage Type

Public: 1

Roof

Composition: 1

Utilities

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

View

Neighborhood: 1

Window Features

Insulated Windows: 1

Income and Expenses

Gross Income: 46200 Lawn Care/Snow Removal Expense: 350 Insurance Expense: 2062 Operating Expense: 1 Other Expense: 675.99 Trash Expense: 1093.53

Tenant Pays

All Utilities: 1

Unit One

Unit #: 1 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 900

Unit Two

Unit #: 2 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 900

Unit Three

Unit #: 3 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 900

Unit Four

Unit #: 4 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 2 Total SqFt: 900

Unit Five

Unit #: 5 Actual Rent: 600 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 900

Unit Six

Unit #: 6 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Total SqFt: 900

Unit Seven

Leased: No Total SqFt: 0

Unit Eight

Leased: No Total SqFt: 0

Contract Information

Current Price: $196,000 Original List Price: 229000 Sold Price: $196,000 Status: Closed Listing Contract Date: 2012-04-24 Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 163 Street Name: Park Street Suffix: Avenue 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: 447.61-2-11 Zoning: Residential Directions: Apartment house is on Park Ave at the corner of Park Lane - It is in front of you when you go from Circle Street onto Park Avenue

Unit Details

Number Of Units Leased: 6

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Full; Unfinished Construction Materials: Cedar; Wood Siding Cooling: None Documents Available: Deed; Property Condition; Survey Electric: 100 Amp Service Heating: Hot Water; Oil Interior Features: Apartment Lot Features: Level Parking Features: No Garage Patio And Porch Features: Porch Road Frontage Type: Public Roof: Composition Tenant Pays: All Utilities Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected; Underground Utilities View: Neighborhood Window Features: Insulated Windows
Listing Courtesy of S. Curtis Hayes Inc.
IDX
Information deemed reliable but not guaranteed.
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