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43 Riverside Drive, Saranac Lake, NY 12983

$315,000
Property Type: Residential Income Square Footage: 5,000 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $315,000 List Date: 7/24/2012 Last Modified: 8/31/2024

Description

Income, History and Waterfront! This property will pay YOU to live on Lake Flower! Historic home housing 6 very desirable apartments with great rental history. Located right on the shores of Lake Flower; the possibilities are endless... the owner also rents dock space and offers a coin operated washer & dryer. Tenants pay their own heat and electric. Building uses approx 1055 gallons per year of oil for common areas.Would also make great B&B&Boat/stay.

More Information MLS# 143692

Location, Tax, and Legal

Tax Annual Amount: 9622.81 Tax Assessed Value: 381000 APA: Hamlet Deed Date: 2001-12-10

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: .23 Fireplace YN: Yes Number of Units: 8 Building Area Total: 5000 Year Built: 1930 Garage YN: 1 Attached Garage YN: 1 Open Parking Spaces: 6 Lot Size Acres: 0.23 Waterfront YN: 1 Water Body Name: Lake Flower

Status Change Information

Status Change Timestamp: 2013-03-19 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2013-03-19T14:26:15Z Major Change Type: Status Change Close Date: 2013-03-19 Close Price: 315000

Appliances

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

Basement

Exterior Entry: 1 Full: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 174 Volume: 790

Documents Available

Deed: 1 Property Condition: 1

Door Features

French Doors: 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

Roof

Metal: 1

Structure Type

Up & Down: 1

Utilities

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

View

Lake: 1 Mountain(s): 1

Waterfront Features

Lake: 1

Window Features

Wood Frames: 1

Income and Expenses

Gross Income: 55320 Lawn Care/Snow Removal Expense: 260 Insurance Expense: 3670 Net Operating Income: 33200 Operating Expense: 1 Other Expense: 5262.15

Tenant Pays

All Utilities: 1

Unit One

Actual Rent: 775 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Two

Actual Rent: 750 Beds Total: 1 Leased: Yes Total SqFt: 0

Unit Three

Actual Rent: 675 Beds Total: 1 Leased: Yes Total SqFt: 0

Unit Four

Actual Rent: 750 Beds Total: 1 Total SqFt: 0

Unit Five

Actual Rent: 795 Beds Total: 1 Leased: Yes Total SqFt: 0

Unit Six

Actual Rent: 865 Beds Total: 2 Leased: Yes Total SqFt: 0

Unit Seven

Leased: No Total SqFt: 0

Unit Eight

Leased: No Total SqFt: 0

Contract Information

Current Price: $315,000 Original List Price: 399000 Sold Price: $315,000 Status: Closed Listing Contract Date: 2012-07-24 Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 43 Street Name: Riverside Street Suffix: Drive County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Saranac Lake School District: Saranac Lake Parcel Number: 458.30-2-13 Zoning: Mixed Directions: Turn onto Riverside Dr from Kiwassa Rd. House is on the left.

Unit Details

Number Of Units Leased: 6

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Refrigerator Basement: Exterior Entry; Full Construction Materials: Wood Siding Cooling: None Documents Available: Deed; Property Condition Door Features: French Doors 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 Roof: Metal Structure Type: Up & Down Tenant Pays: All Utilities Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Lake; Mountain(s) Waterfront Features: Lake Window Features: Wood Frames Unit One: Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.