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64 Shepard, Saranac Lake, NY 12983

$385,000
Property Type: Residential Income Square Footage: 6,068 Lot Size (sq. ft.): 13,068 Status: Closed
Current Price: $385,000 List Date: 6/30/2023 Last Modified: 8/31/2024

Description

Don't miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you're an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market.

More Information MLS# 179169

Location, Tax, and Legal

Tax Annual Amount: 0 Tax Assessed Value: 291500 Land Tax Annual Amount: 0 Deed Date: 1999-07-30

General Property Information

Number Of Buildings: 1 Building Area Total: 6068 Year Built: 1925 Open Parking YN: 1 Open Parking Spaces: 5 Lot Size Acres: 0.3 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2024-02-26 Concessions: No Buyer Financing: Commercial Loan Major Change Timestamp: 2024-02-26T19:20:44Z Major Change Type: Status Change Price Change Timestamp: 2023-10-10T14:16:48Z Under Contract Date: 2023-11-11 Close Date: 2024-02-26 Close Price: 385000

Appliances

Dryer: 1 Gas Range: 1 Oil Water Heater: 1 Refrigerator: 1 Washer: 1

Basement

Unfinished: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 90 Volume: 1218

Documents Available

Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Foundation Details

Stone: 1

Heating

Oil: 1

Interior Features

Apartment: 1 High Speed Internet: 1

Parking Features

No Garage: 1

Road Surface Type

Dirt: 1

Roof

Tile: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Neighborhood: 1

Window Features

Double Pane Windows: 1 Single Pane Windows: 1 Skylight(s): 1

Contract Information

Current Price: $385,000 Original List Price: 525000 Sold Price: $385,000 Status: Closed Listing Contract Date: 2023-06-30 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 64 Street Name: Shepard County: Essex State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: N Elba School District: Saranac Lake Parcel Number: 32.198-1-27.000 Directions: From River St. take Shepard Ave. Property is located on the right. 64 Shepard Ave.

Meter Information

Number Of Separate Gas Meters: 1

Unit Details

Number Of Units Leased: 4

Property Features

Appliances: Dryer; Gas Range; Oil Water Heater; Refrigerator; Washer Basement: Unfinished Construction Materials: Wood Siding Cooling: None Documents Available: Lead Paint; Property Condition Electric: 200+ Amp Service Exterior Features: Lighting Foundation Details: Stone Heating: Oil Interior Features: Apartment; High Speed Internet Parking Features: No Garage Road Surface Type: Dirt Roof: Tile Special Listing Conditions: Standard Utilities: Internet Available; Sewer Connected; Water Connected View: Neighborhood Window Features: Double Pane Windows; Single Pane Windows; Skylight(s)

Documents

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