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68 Dorsey Street, Saranac Lake, NY 12983

$425,000
Property Type: Residential Income Square Footage: 5,663 Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $425,000 List Date: 6/27/2024 Last Modified: 10/18/2025

Description

This listing features a well maintained, updated and profitable 7 unit building along the shores of the Saranac River in the center of DownTown Saranac Lake! Municipal public parking a block away and easy access in to the building from sidewalk one block off Broadway's night life, cafe's and shops! new Furnace in Sept. 2015. Many of the units have had upgrades and updates. Great tenants already in place at market rents.

More Information MLS# 202231

Location, Tax, and Legal

Tax Annual Amount: 5259.87 Tax Assessed Value: 229315 Land Tax Annual Amount: 1156.34 APA: Hamlet Deed Date: 2012-05-24

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: .13 Waterfront Footage: 80 Number of Units: 7 Building Area Total: 5663 Year Built: 1936 Lot Size Acres: 0.13 Waterfront YN: 1 Water Body Name: Saranac River

Status Change Information

Status Change Timestamp: 2025-10-18 Concessions: No Buyer Financing: Cash Major Change Timestamp: 2025-10-18T16:18:45Z Major Change Type: Status Change Price Change Timestamp: 2024-10-28T20:03:20Z Under Contract Date: 2025-02-02 Close Date: 2025-10-09 Close Price: 425000

Appliances

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

Basement

Crawl Space: 1 Unfinished: 1

Construction Materials

Brick: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 2622 Volume: 2012

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

None: 1

Financial Details

School Taxes: 1847.42 School Taxes Description: Actual Village Taxes: 2256.11 Village Taxes Description: Actual

Flooring

Carpet: 1 Linoleum: 1

Frontage Type

River: 1

Heating

Tank Location: Above Ground Hot Water: 1 Oil: 1

Interior Features

Apartment: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Level: 1

Parking Features

No Garage: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Sewer

Public Sewer: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 River: 1

Waterfront Features

River Front: 1

Income and Expenses

Lawn Care/Snow Removal Expense: 0

Unit One

Unit #: 1 Actual Rent: 900 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1

Unit Two

Unit #: 2 Actual Rent: 800 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Three

Unit #: 3 Actual Rent: 750 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Four

Unit #: 4 Actual Rent: 1300 Bathrooms Full: 1 Bathrooms Half: 1 Beds Total: 2 Leased: Yes Refrigerator: 1

Unit Five

Unit #: 5 Actual Rent: 800 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1

Unit Six

Unit #: 6 Actual Rent: 750 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Seven

Unit #: 800 Actual Rent: 800 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Showing Requirements

48 Hour Notice: 1 Call Listing Agent: 1 Email Listing Agent: 1 Key In Office: 1 Pet(s) on Premises: 1

Contract Information

Current Price: $425,000 Original List Price: 495000 Sold Price: $425,000 Status: Closed Listing Contract Date: 2024-06-27 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 68 Street Name: Dorsey 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: 447.77-2-1 Zoning: Mixed Directions: Turn off Broadway onto Dorsey . 68 Dorsey runs along the river on left.

Unit Details

Number Of Units Leased: 7

Property Features

Appliances: Electric Oven; Electric Range; Oil Water Heater; Refrigerator Basement: Crawl Space; Unfinished Construction Materials: Brick Cooling: None Documents Available: Deed Electric: 200+ Amp Service Exterior Features: None Flooring: Carpet; Linoleum Frontage Type: River Heating: Hot Water; Oil Interior Features: Apartment Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level Parking Features: No Garage Road Frontage Type: Public Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Internet Available; Sewer Connected; Water Connected View: Commercial; River Waterfront Features: River Front Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Three: Range; Refrigerator Unit Four: Refrigerator Unit Five: Range; Refrigerator Unit Six: Range; Refrigerator Unit Seven: Range; Refrigerator Showing Requirements: 48 Hour Notice; Call Listing Agent; Email Listing Agent; Key In Office; Pet(s) on Premises
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.
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