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2807 Wilmington Road, Lake Placid, NY 12946

$340,000
Property Type: Residential Income Square Footage: 2,454 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $340,000 List Date: 1/01/2021 Last Modified: 8/31/2024

Description

This apartment building is exceptionally maintained at the east end of main street in a key travel corridor. It consist of one two bedroom and three one bedroom residential apartments. This property has the potential for great cash flow the day you purchase the property! Easy access to all Village amenities. A must see for the serious investor! All units separately metered. Three units are currently vacant ,they were getting between 550-650 per month for the units. Oil heat and Oil hot water average $250.00 per month. Tenants pay for the Electric , each unit has its own meter.

More Information MLS# 172458

Location, Tax, and Legal

Tax Annual Amount: 2210 Tax Assessed Value: 125100 Deed Date: 1987-08-18

General Property Information

Number Of Buildings: 1 Number of Units: 8 Building Area Total: 2454 Year Built: 1980 Open Parking Spaces: 4 Lot Size Acres: 0.2 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2021-10-22 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2021-10-22T13:04:20Z Major Change Type: Status Change Under Contract Date: 2021-06-16 Close Date: 2021-10-22 Close Price: 340000

Appliances

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

Basement

Crawl Space: 1

Construction Materials

Vinyl Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 320 Volume: 889

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

100 Amp Service: 1 Net Meter: 1

Exterior Features

None: 1

Foundation Details

Stone: 1

Heating

Baseboard: 1 Electric: 1 Forced Air: 1 Oil: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

No Garage: 1

Road Surface Type

Gravel: 1

Roof

Asphalt: 1

Security Features

Smoke Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

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

View

None: 1

Window Features

Wood Frames: 1

Tenant Pays

All Utilities: 1

Unit One

Unit #: 1 Bathrooms Full: 1 Beds Total: 1 Leased: No Total SqFt: 550

Unit Two

Unit #: 2 Bathrooms Full: 1 Beds Total: 2 Leased: No Total SqFt: 650

Unit Three

Unit #: 3 Bathrooms Full: 2 Beds Total: 1 Leased: No Total SqFt: 600

Unit Four

Unit #: 5 Actual Rent: 550 Bathrooms Full: 1 Beds Total: 1 Total SqFt: 650

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Contract Information

Current Price: $340,000 Original List Price: 379000 Sold Price: $340,000 Status: Closed Listing Contract Date: 2021-01-01 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2807 Street Name: Wilmington Street Suffix: Road County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.224-1-6.000 Zoning: Commercial Directions: just past the red light heading towards Wilmington, House is the third house on the left. look for sign.

Unit Details

Number Of Units Leased: 1

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: None Documents Available: Deed; Lead Paint; Property Condition Electric: 100 Amp Service; Net Meter Exterior Features: None Foundation Details: Stone Heating: Baseboard; Electric; Forced Air; Oil Listing Terms: Cash; Conventional Parking Features: No Garage Road Surface Type: Gravel Roof: Asphalt Security Features: Smoke Detector(s) Special Listing Conditions: Standard Tenant Pays: All Utilities Utilities: Cable Available; Internet Available; Water Connected View: None Window Features: Wood Frames
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.
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