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6193 Sentinel Road, Lake Placid, NY 12946

$225,000
Property Type: Residential Income Square Footage: 4,061 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $225,000 List Date: 4/17/2025 Last Modified: 1/31/2026

Description

Investment opportunity to own an 7 unit fully rented complex in the heart of the Lake Placid village. This building has years of steady income with the same owners for over 35 years. The units are all rented on month to month leases dating back to one from 1981! 24 hour notice needed for tenants. Unit #1 $510.00 has W&D hookups-2 BR #2 $650 includes all utilities- Studio #3 $600 plus elec.-one BR #4 $600 plus elec-one BR #5 $800 plus elec.-2 BR #6 $675 plus elec.-one BR #7 $585 plus elec. one BR

More Information MLS# 204318

Location, Tax, and Legal

Tax Annual Amount: 3548 Tax Assessed Value: 264500 Land Tax Annual Amount: 986 Deed Date: 2007-05-08

General Property Information

Stories Total: 2 Building Area Total: 4061 Year Built: 1940 Lot Size Acres: 0.1

Status Change Information

Status Change Timestamp: 2026-01-31 Concessions: No Buyer Financing: Cash Major Change Timestamp: 2026-01-31T13:39:54Z Major Change Type: Status Change Price Change Timestamp: 2025-06-13T19:17:17Z Under Contract Date: 2025-07-07 Close Date: 2026-01-31 Close Price: 225000

Appliances

Electric Range: 1 Free-Standing Refrigerator: 1 Refrigerator: 1

Architectural Style

Other: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 292 Volume: 1534

Documents Available

Leases: 1

Fencing

None: 1

Financial Details

School Taxes: 1398 School Taxes Description: Actual Village Taxes: 1164

Flooring

Carpet: 1 Vinyl: 1

Heating

Baseboard: 1 Electric: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

City Lot: 1 Level: 1

Other Equipment

Call Listing Agent: 1

Parking Features

None: 1

Patio And Porch Features

None: 1

Pool Features

None: 1

Property Condition

Fixer: 1

Road Frontage Type

City Street: 1 Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1 Rolled/Hot Mop: 1

Sewer

Public Sewer: 1

Spa Features

None: 1

Utilities

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

Window Features

Aluminum Frames: 1 Metal Frames: 1

Owner Pays

Common Area Maintenance: 1 Insurance: 1 Roof Maintenance: 1 Sewer: 1 Taxes: 1 Water: 1

Tenant Pays

Electricity: 1

Contract Information

Current Price: $225,000 Original List Price: 495000 Sold Price: $225,000 Status: Closed Listing Contract Date: 2025-04-17 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 6193 Street Name: Sentinel Street Suffix: Road County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid School District: Lake Placid Parcel Number: 42.223-4-9.000 Directions: From Main St, turn Right at the light onto Sentinel road. The building is on the right next to Wilsons. There is no parking but it has never been a problem. Tenants walk to work and shopping.

Meter Information

Number Of Separate Electric Meters: 8

Unit Details

Number Of Units Leased: 7

Property Features

Appliances: Electric Range; Free-Standing Refrigerator; Refrigerator Architectural Style: Other Cooling: None Documents Available: Leases Fencing: None Flooring: Carpet; Vinyl Heating: Baseboard; Electric Levels: Two Listing Terms: Cash; Conventional Lot Features: City Lot; Level Other Equipment: Call Listing Agent Owner Pays: Common Area Maintenance; Insurance; Roof Maintenance; Sewer; Taxes; Water Parking Features: None Patio And Porch Features: None Pool Features: None Property Condition: Fixer Road Frontage Type: City Street; Public Road Surface Type: Paved Roof: Flat; Rolled/Hot Mop Sewer: Public Sewer Spa Features: None Tenant Pays: Electricity Utilities: Cable Connected; Electricity Connected; Internet Available; Sewer Connected; Water Connected Window Features: Aluminum Frames; Metal Frames

Documents

Listing Courtesy of Engel & Volkers Lake Placid Real Estate
IDX
Broker Attribution: colleen.holmes@evrealestate.com

Information deemed reliable but not guaranteed.