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815 State Route 86, Gabriels, NY 12939

$370,000
Property Type: Residential Income Square Footage: 3,248 Lot Size (sq. ft.): 145,926 Status: Closed
Current Price: $370,000 List Date: 1/03/2025 Last Modified: 5/21/2025

Description

Nicely maintained 4 unit apartment building outside of Saranac Lake. 3- 1 bedroom apartments and 1- 2 bedroom. Strong rental income and history with minimal expenses. 3 miles to Paul Smiths college, 7 miles to town. Property grosses $46,800 a year Owner is a Licensed Real Estate Agent

More Information MLS# 203710

Location, Tax, and Legal

Tax Annual Amount: 3500 Tax Assessed Value: 266700 Land Tax Annual Amount: 1488.77 Deed Date: 2022-10-18

General Property Information

Number Of Buildings: 1 Number of Units: 4 Building Area Total: 3248 Year Built: 1945 Carport YN: 1 Open Parking YN: 1 Open Parking Spaces: 8 Parking Total: 9 Lot Size Acres: 3.35

Status Change Information

Status Change Timestamp: 2025-05-20 Concessions: No Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2025-05-21T00:31:39Z Major Change Type: Status Change Price Change Timestamp: 2025-01-27T21:12:20Z Under Contract Date: 2025-04-30 Close Date: 2025-05-20 Close Price: 370000

Appliances

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

Architectural Style

Old Style: 1

Basement

Block: 1 Crawl Space: 1 Exterior Entry: 1 No Inside Entry: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: 2022 Page: 6977

Documents Available

Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Garden: 1 Storage: 1

Financial Details

School Taxes: 2067.47 School Taxes Description: Actual

Flooring

Carpet: 1 Hardwood: 1 Vinyl: 1

Foundation Details

Block: 1 Stone: 1

Heating

Electric: 1

Interior Features

Apartment: 1

Laundry Features

None: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Lot Features

Back Yard: 1

Parking Features

Asphalt: 1

Patio And Porch Features

Front Porch: 1

Pool Features

None: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

County Road: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1

Sewer

Engineered Septic: 1

Spa Features

None: 1

Structure Type

Multi Family: 1 Quadruplex: 1

Utilities

Electricity Connected: 1

Water Source

Well Dug: 1

Income and Expenses

Gross Income: 46800 Insurance Expense: 2850 Trash Expense: 600

Owner Pays

Insurance: 1 Taxes: 1 Trash Collection: 1

Tenant Pays

All Utilities: 1

Unit One

Unit #: 1 Actual Rent: 1000 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Two

Unit #: 2 Actual Rent: 1000 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1

Unit Three

Unit #: 3 Actual Rent: 950 Bathrooms Full: 1 Beds Total: 1 Leased: Yes

Unit Four

Unit #: 4 Actual Rent: 950 Bathrooms Full: 1 Beds Total: 1 Range: 1 Refrigerator: 1

Contract Information

Current Price: $370,000 Original List Price: 425000 Sold Price: $370,000 Status: Closed Listing Contract Date: 2025-01-03 Property Sub Type: Quadruplex Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 815 Street Name: State Route 86 County: Franklin State: NY Postal Code: 12939 MLS Area Major: Paul Smiths, Rainbow Lake, Gabriels School District: Saranac Lake Parcel Number: 397.1-1-9.200 Directions: heading towards Paul smiths on route 86, house in on the right just after the Brighton mini mart

Unit Details

Number Of Units Leased: 4

Property Features

Appliances: Free-Standing Electric Range; Free-Standing Refrigerator; Water Heater Architectural Style: Old Style Basement: Block; Crawl Space; Exterior Entry; No Inside Entry Construction Materials: Wood Siding Cooling: None Documents Available: Lead Paint; Property Condition Electric: 200+ Amp Service Exterior Features: Garden; Storage Flooring: Carpet; Hardwood; Vinyl Foundation Details: Block; Stone Heating: Electric Interior Features: Apartment Laundry Features: None Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional; FHA; VA Loan Lot Features: Back Yard Owner Pays: Insurance; Taxes; Trash Collection Parking Features: Asphalt Patio And Porch Features: Front Porch Pool Features: None Property Condition: Updated/Remodeled Road Frontage Type: County Road Road Surface Type: Paved Roof: Asphalt Sewer: Engineered Septic Spa Features: None Structure Type: Multi Family; Quadruplex Tenant Pays: All Utilities Utilities: Electricity Connected Water Source: Well Dug Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Four: Range; Refrigerator
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.