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273 Ampersand Avenue, Saranac Lake, NY 12983

$455,000
Property Type: Residential Income Square Footage: 3,478 Status: Closed
Current Price: $455,000 List Date: 10/17/2023 Last Modified: 8/31/2024

Description

Welcome to a unique investment opportunity in Saranac Lake! This impeccably maintained quadplex offers four distinct townhome-style units. Each unit features fully equipped kitchens, two spacious bedrooms, providing residents with the utmost comfort and convenience. The property's ideal location allows for easy access to downtown Saranac Lake, the Saranac Lake Civic Center, schools, and parks, ensuring that residents have all the essentials right at their doorstep. Built to endure, this quadplex boasts a sturdy metal roof and low-maintenance aluminum siding, promising long-term durability and minimal upkeep. The convenience of on-site parking, including four carports, adds to the property's appeal, offering residents and guests hassle-free parking options. In addition to the well-designed living spaces, the property features an unfinished basement with washer/dryers, providing valuable storage space for residents and accommodating various needs. From a financial perspective, this quadplex presents a lucrative opportunity. With the potential to generate a substantial monthly income of $4,000 or more. What sets this opportunity apart is the fact that all units are currently vacant, providing a fresh start for investors. Whether you're looking to establish a steady rental income or explore creative possibilities for the space, this property offers endless potential.

More Information MLS# 200742

Location, Tax, and Legal

Tax Annual Amount: 0 Tax Assessed Value: 249000 Land Tax Annual Amount: 0 Deed Date: 1997-03-13

General Property Information

Number Of Buildings: 2 Number of Units: 4 Building Area Total: 3478 Year Built: 1987 Carport YN: 1 Carport Spaces: 4 Open Parking YN: 1 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2023-12-19 Concessions: Yes Buyer Financing: Cash Concessions Amount: 10000 Major Change Timestamp: 2023-12-19T16:00:23Z Major Change Type: Status Change Under Contract Date: 2023-10-25 Close Date: 2023-12-18 Close Price: 455000

Appliances

Dryer: 1 Electric Range: 1 Electric Water Heater: 1 Refrigerator: 1 Water Heater: 1

Architectural Style

Traditional: 1

Basement

Block: 1 Concrete: 1

Common Walls

1 Common Wall: 1

Construction Materials

Aluminum Siding: 1 Block: 1 Concrete: 1

Cooling

None: 1

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exemptions

Non-Profit: 1

Fencing

None: 1

Flooring

Carpet: 1 Linoleum: 1

Foundation Details

Block: 1

Heating

Tank Location: Above Ground Baseboard: 1 Propane: 1

Laundry Features

Lower Level: 1

Levels

Three Or More: 1

Lot Features

Few Trees: 1 Front Yard: 1

Parking Features

Carport: 1

Road Frontage Type

Public: 1

Road Surface Type

Dirt: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Structure Type

Quadruplex: 1

Utilities

Cable Connected: 1 Electricity Connected: 1 Internet Connected: 1 Sewer Connected: 1 Water Connected: 1 Propane: 1 Separate Water Heater(s): 1

View

Neighborhood: 1

Water Source

Public: 1

Owner Pays

Grounds Care: 1 Sewer: 1 Snow Removal: 1 Water: 1

Unit One

Unit #: 1 Bathrooms Full: 1 Bathrooms Half: 1 Beds Total: 2 Dishwasher: 1 Leased: No Range: 1 Refrigerator: 1

Unit Two

Unit #: 2 Bathrooms Full: 1 Beds Total: 2 Dishwasher: 1 Leased: No Range: 1 Refrigerator: 1

Unit Three

Unit #: 3 Bathrooms Full: 1 Bathrooms Half: 1 Beds Total: 2 Dishwasher: 1 Leased: No Range: 1 Refrigerator: 1

Unit Four

Unit #: 4 Bathrooms Full: 1 Bathrooms Half: 1 Beds Total: 2 Dishwasher: 1 Leased: No Range: 1 Refrigerator: 1

Contract Information

Current Price: $455,000 Original List Price: 475000 Sold Price: $455,000 Status: Closed Listing Contract Date: 2023-10-17 Property Sub Type: Quadruplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 273 Street Name: Ampersand Street Suffix: Avenue County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook School District: Saranac Lake Parcel Number: 446.67-3-8 Zoning: Residential

Meter Information

Number Of Separate Electric Meters: 4 Number Of Separate Gas Meters: 1

Property Features

Appliances: Dryer; Electric Range; Electric Water Heater; Refrigerator; Water Heater Architectural Style: Traditional Basement: Block; Concrete Common Walls: 1 Common Wall Construction Materials: Aluminum Siding; Block; Concrete Cooling: None Documents Available: Deed Electric: 200+ Amp Service Exemptions: Non-Profit Fencing: None Flooring: Carpet; Linoleum Foundation Details: Block Heating: Baseboard; Propane Laundry Features: Lower Level Levels: Three Or More Lot Features: Few Trees; Front Yard Owner Pays: Grounds Care; Sewer; Snow Removal; Water Parking Features: Carport Road Frontage Type: Public Road Surface Type: Dirt Roof: Metal Sewer: Public Sewer Structure Type: Quadruplex Utilities: Cable Connected; Electricity Connected; Internet Connected; Sewer Connected; Water Connected; Propane; Separate Water Heater(s) View: Neighborhood Water Source: Public Unit One: Dishwasher; Range; Refrigerator Unit Two: Dishwasher; Range; Refrigerator Unit Three: Dishwasher; Range; Refrigerator Unit Four: Dishwasher; Range; Refrigerator

Documents

Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.