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28-30 Cedar Street, Saranac Lake, NY 12983

$210,000
Property Type: Residential Income Square Footage: 7,603 Lot Size (sq. ft.): 18,731 Status: Closed
Current Price: $210,000 List Date: 8/24/2018 Last Modified: 8/31/2024

Description

A must see 8 unit apartment complex a block off Broadway in the heart of Saranac Lake, close to everything! Public beach and AMC just a mile away , Basketball, tennis courts, and kiddie play park across the street. Great income producer! 5 garages and plenty of parking.

More Information MLS# 163827

Location, Tax, and Legal

Tax Annual Amount: 11425 Tax Assessed Value: 326400 APA: Hamlet Deed Date: 2011-01-13

General Property Information

Number Of Buildings: 2 Lot Size Dimensions: .43 Number of Units: 8 Building Area Total: 7603 Year Built: 1981 Garage YN: 1 Garage Spaces: 4 Open Parking Spaces: 10 Lot Size Acres: 0.43 Water Body Name: None

Status Change Information

Status Change Timestamp: 2019-07-31 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2019-07-31T13:02:37Z Major Change Type: Status Change Under Contract Date: 2019-04-05 Close Date: 2019-07-31 Close Price: 210000

Appliances

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

Basement

Unfinished: 1

Construction Materials

Aluminum Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 847 Volume: 2011

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Heating

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

Interior Features

Apartment: 1 Ceiling Fan(s): 1

Listing Terms

Cash: 1

Patio And Porch Features

Porch: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Special Listing Conditions

Standard: 1

Structure Type

Up & Down: 1

Utilities

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

View

Commercial: 1 Neighborhood: 1

Income and Expenses

Gross Income: 54600 Insurance Expense: 1724 Maintenance Expense: 832 Manager Expense: 4200 Net Operating Income: 34590 Other Expense: 9716 Trash Expense: 1620

Unit One

Actual Rent: 800 Bathrooms Full: 1 Beds Total: 3 Leased: No

Unit Two

Actual Rent: 650 Bathrooms Full: 1 Beds Total: 1 Leased: No

Unit Three

Actual Rent: 575 Bathrooms Full: 1 Beds Total: 1 Leased: No

Unit Four

Actual Rent: 425 Bathrooms Full: 1 Beds Total: 2

Unit Five

Actual Rent: 450 Bathrooms Full: 1 Beds Total: 1 Leased: No

Unit Six

Actual Rent: 450 Bathrooms Full: 1 Beds Total: 1 Leased: No

Unit Seven

Actual Rent: 450 Bathrooms Full: 1 Beds Total: 1 Leased: No

Unit Eight

Actual Rent: 625 Bathrooms Full: 3 Beds Total: 4 Leased: No

Contract Information

Current Price: $210,000 Original List Price: 299000 Sold Price: $210,000 Status: Closed Listing Contract Date: 2018-08-24 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 28-30 Street Name: Cedar Street Suffix: Street County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.60-7-2 Zoning: Mixed Directions: take Broadway to Cedar St, just after BluSeed Studio.

Parking Features

Covered Spaces: 4

Unit Details

Number Of Units Leased: 8

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Unfinished Construction Materials: Aluminum Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Heating: Baseboard; Electric; Hot Water; Oil Interior Features: Apartment; Ceiling Fan(s) Listing Terms: Cash Patio And Porch Features: Porch Road Frontage Type: Public Road Surface Type: Paved Roof: Composition Special Listing Conditions: Standard Structure Type: Up & Down Utilities: Internet Available; Sewer Connected; Water Connected View: Commercial; Neighborhood
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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