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Adirondack Real Estate

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20 Sumner Place, Saranac Lake, NY 12983

$157,000
Property Type: Residential Income Square Footage: 2,088 Lot Size (sq. ft.): 12,589 Status: Closed
Current Price: $157,000 List Date: 3/21/2018 Last Modified: 8/31/2024

Description

Great opportunity for an investor or a first time home buyer looking for income to help towards their mortgage! This Property has a Large 2 bedroom (could be 3 with the additional space off of the master) 2 full bath multi level unit on the first floor. And an additional 1 bedroom 1 full bath on the second level. The 3 room attic space could make the upstairs unit a potential 4 bedroom unit with not a lot of work. Both units have their own laundry and electric service. Property has a new roof and has had many updates in the ground level unit. The location is a great corner lot walking distance to all of Downtown Saranac Lake, both schools, and the riverwalk. This is a MUST-SEE!

More Information MLS# 162073

Location, Tax, and Legal

Tax Annual Amount: 0 Tax Assessed Value: 0 Deed Date: 2010-02-19

General Property Information

Number Of Buildings: 1 Number of Units: 7 Building Area Total: 2088 Year Built: 1940 Open Parking Spaces: 2 Lot Size Acres: 0.29

Status Change Information

Status Change Timestamp: 2018-10-30 Buyer Financing: VA Concessions Amount: 0 Major Change Timestamp: 2018-10-30T19:42:59Z Major Change Type: Status Change Under Contract Date: 2018-09-13 Close Date: 2018-10-30 Close Price: 157000

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Exhaust Fan: 1 Microwave: 1 Oil Water Heater: 1 Refrigerator: 1 Washer: 1

Basement

Partial: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 908 Volume: 2010

Documents Available

Lead Paint: 1 Leases: 1 Property Condition: 1 Survey: 1

Door Features

French Doors: 1

Electric

200+ Amp Service: 1

Exterior Features

Balcony: 1

Foundation Details

Stone: 1

Heating

Baseboard: 1 Electric: 1 Hot Water: 1 Oil: 1

Interior Features

Apartment: 1 High Speed Internet: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1

Lot Features

Corner Lot: 1

Parking Features

No Garage: 1

Road Frontage Type

Public: 1

Roof

Composition: 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

Commercial: 1 Neighborhood: 1

Window Features

Wood Frames: 1

Income and Expenses

Gross Income: 22800 Lawn Care/Snow Removal Expense: 0 Insurance Expense: 904 Maintenance Expense: 1000 Net Operating Income: 13344 Other Expense: 5754 Trash Expense: 720

Unit One

Unit #: 1 Actual Rent: 1200 Bathrooms Full: 2 Beds Total: 2 Leased: No Range: 1 Refrigerator: 1 Total SqFt: 1458

Unit Two

Unit #: 2 Actual Rent: 700 Bathrooms Full: 1 Beds Total: 1 Dishwasher: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 630

Unit Three

Leased: No

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Contract Information

Current Price: $157,000 Original List Price: 170000 Sold Price: $157,000 Status: Closed Listing Contract Date: 2018-03-21 Property Sub Type: Duplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 20 Street Name: Sumner Street Suffix: Place County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: TBD Zoning: Mixed Directions: From Broadway turn onto Olive st, take left onto Sumner Pl. Property will be on the corner where Dorsey st meets Sumner place.

Unit Details

Number Of Units Leased: 2

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Exhaust Fan; Microwave; Oil Water Heater; Refrigerator; Washer Basement: Partial Construction Materials: Wood Siding Cooling: None Documents Available: Lead Paint; Leases; Property Condition; Survey Door Features: French Doors Electric: 200+ Amp Service Exterior Features: Balcony Foundation Details: Stone Heating: Baseboard; Electric; Hot Water; Oil Interior Features: Apartment; High Speed Internet Listing Terms: Cash; Conventional; FHA Lot Features: Corner Lot Parking Features: No Garage Road Frontage Type: Public Roof: Composition Special Listing Conditions: Standard Structure Type: Up & Down Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Neighborhood Window Features: Wood Frames Unit One: Range; Refrigerator Unit Two: Dishwasher; Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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