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Adirondack Real Estate

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77 Will Rogers Drive, Saranac Lake, NY 12983

$515,000
Property Type: Commercial Sale Square Footage: 7,560 Lot Size (sq. ft.): 23,522 Status: Closed
Current Price: $515,000 List Date: 5/14/2020 Last Modified: 9/02/2024

Description

Great investment opportunity with positive cash flow and great rental history. Located in the growing resort community of Saranac Lake, only 10 minutes from the established Olympic town of Lake Placid. This 18-unit apartment complex has room for expansion or potential for vacation rentals.

More Information MLS# 169259

Location, Tax, and Legal

Tax Annual Amount: 12278 Land Tax Annual Amount: 1714 APA: Hamlet Deed Date: 2007-06-07

General Property Information

Tax Assessed Value: 433800 Building Area Total: 7560 Year Built: 1940 Lot Size Acres: 0.54

Status Change Information

Status Change Timestamp: 2021-03-22 Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2021-03-22T19:46:18Z Major Change Type: Status Change Under Contract Date: 2020-10-06 Close Date: 2021-03-22 Close Price: 515000

Appliances

Oil Water Heater: 1

Basement

Unfinished: 1

Construction Materials

Asbestos: 1 Frame: 1

Cooling

None: 1

Deed Details

Instrument: 0 Page: 217 Volume: 1538

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 4423 Village Taxes: 6141

Foundation Details

Concrete Perimeter: 1

Frontage Type

Frontage Length: 200'

Heating

Hot Water: 1 Oil: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Cleared: 1 Paved: 1

Parking Features

Off Street: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Special Listing Conditions

Standard: 1

Utilities

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

Income and Expenses

Gross Income: 136000 Net Operating Income: 79000

Tenant Pays

None: 1

Included

Fixtures: 1

Showing Requirements

Appointment Only: 1

Contract Information

Current Price: $515,000 Original List Price: 575000 Sold Price: $515,000 Status: Closed Listing Contract Date: 2020-05-14 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 77 Street Name: Will Rogers Street Suffix: Drive 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: 32.296-3-3.000 Zoning: Mixed Directions: From Route 86, turn onto Will Rogers Drive near Aldi's. Top of hill on left.

Property Features

Appliances: Oil Water Heater Basement: Unfinished Construction Materials: Asbestos; Frame Cooling: None Documents Available: Deed Electric: 200+ Amp Service Foundation Details: Concrete Perimeter Heating: Hot Water; Oil Included: Fixtures Listing Terms: Cash; Conventional Lot Features: Cleared; Paved Parking Features: Off Street Road Frontage Type: Public Road Surface Type: Paved Roof: Composition Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected Showing Requirements: Appointment Only
Listing Courtesy of Century 21 The One
IDX
Information deemed reliable but not guaranteed.
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