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170 Neil, Saranac Lake, NY 12983

$90,000
Property Type: Residential Income Square Footage: 1,844 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $90,000 List Date: 2/20/2018 Last Modified: 8/31/2024

Description

Great opportunity for an investment or for someone looking to live in one unit and rent the other. This property currently has 2 apartments, but the garage in the basement area could also be finished into a studio apartment to generate more income.There is also room on the property for a garage to be built. Owner currently pays utilities and tenants pay snow removal and garbage. The building has a new $16,000 Veissmann furnace and both units have had some updates. This multifamily is in a great location and is walking distance to both the Elementary and High school and all of the village of Saranac Lake. PRICED to sell, come take a look.

More Information MLS# 161850

Location, Tax, and Legal

Tax Annual Amount: 1617.11 Tax Assessed Value: 58000 APA: Hamlet Deed Date: 2010-12-01

Status Change Information

Status Change Timestamp: 2018-05-11 Buyer Financing: Conventional Concessions Amount: 5000 Major Change Timestamp: 2018-05-11T14:18:35Z Major Change Type: Status Change Under Contract Date: 2018-03-08 Close Date: 2018-05-11 Close Price: 90000

Appliances

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

Basement

Full: 1 Walk-Out Access: 1

Construction Materials

Asbestos: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 6374 Volume: 2010

Documents Available

Deed: 1 Lead Paint: 1 Leases: 1 Survey: 1

Electric

100 Amp Service: 1

Foundation Details

Stone: 1

Heating

Hot Water: 1 Propane: 1

Interior Features

Apartment: 1 High Speed Internet: 1

Laundry Features

Electric Dryer Hookup: 1 Gas Dryer Hookup: 1 Washer Hookup: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Few Trees: 1

Parking Features

Driveway: 1

Road Frontage Type

Public: 1

Roof

Composition: 1

Security Features

Smoke Detector(s): 1

Special Listing Conditions

Standard: 1

Structure Type

Up & Down: 1

Utilities

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

View

None: 1

Window Features

Storm Window(s): 1 Wood Frames: 1

Income and Expenses

Gross Income: 16700 Lawn Care/Snow Removal Expense: 0 Insurance Expense: 1007.5 Maintenance Expense: 200 Net Operating Income: 8670 Other Expense: 4092

Unit One

Unit #: 1 Actual Rent: 750 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 994

Unit Two

Unit #: 2 Actual Rent: 700 Bathrooms Full: 1 Beds Total: 2 Dishwasher: 1 Leased: Yes Range: 1 Total SqFt: 850

Unit Three

Leased: No

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Contract Information

Current Price: $90,000 Original List Price: 100000 Sold Price: $90,000 Status: Closed Listing Contract Date: 2018-02-20 Property Sub Type: Duplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 170 Street Name: Neil County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.76-4-7 Zoning: Residential Directions: Take Olive st by the post office. Go to the top of the hill and make a right on William st. Take the next left on Neil st. Look for 170 Neil on the left.

General Property Information

Number of Units: 7 Building Area Total: 1844 Year Built: 1920 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 1 Open Parking Spaces: 5 Lot Size Acres: 0.23

Unit Details

Number Of Units Leased: 2

Property Features

Appliances: Electric Range; Gas Oven; Refrigerator; Water Heater Basement: Full; Walk-Out Access Construction Materials: Asbestos Cooling: None Documents Available: Deed; Lead Paint; Leases; Survey Electric: 100 Amp Service Foundation Details: Stone Heating: Hot Water; Propane Interior Features: Apartment; High Speed Internet Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Lot Features: Few Trees Parking Features: Driveway Road Frontage Type: Public Roof: Composition Security Features: Smoke Detector(s) Special Listing Conditions: Standard Structure Type: Up & Down Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: None Window Features: Storm Window(s); Wood Frames Unit One: Range; Refrigerator Unit Two: Dishwasher; Range
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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