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Adirondack Real Estate

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Lake Placid, NY 12946

$250,000
Property Type: Residential Income Square Footage: 3,000 Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $250,000 List Date: 4/28/2015 Last Modified: 8/31/2024

Description

A good income investment in the Lake Placid area which includes 4 apartments and two garages. New windows and water heater. Tenants pay their own electric while oil heat is included in the rent (approximately $2200/year). No village taxes. Occupancy rate excellent.

More Information MLS# 152538

Location, Tax, and Legal

Tax Annual Amount: 2800 Tax Assessed Value: 244400 APA: Rural Deed Date: 2007-09-28

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: .63 acre Number of Units: 8 Building Area Total: 3000 Year Built: 1970 Garage YN: 1 Garage Spaces: 1 Lot Size Acres: 0.63 Water Body Name: None

Status Change Information

Status Change Timestamp: 2016-09-28 Buyer Financing: FHA Concessions Amount: 0 Major Change Timestamp: 2016-09-28T14:31:47Z Major Change Type: Status Change Under Contract Date: 2016-07-08 Close Date: 2016-09-28 Close Price: 250000

Appliances

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

Basement

Crawl Space: 1

Construction Materials

Vinyl Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 199 Volume: 1552

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Exterior Features

Lighting: 1 Storage: 1

Foundation Details

Block: 1

Heating

Hot Water: 1 Oil: 1

Listing Terms

Conventional: 1

Lot Features

Cleared: 1 Level: 1 Many Trees: 1

Other Structures

Outbuilding: 1

Parking Features

Deck: 1 Driveway: 1 Gravel: 1

Road Frontage Type

Easement: 1

Road Surface Type

Gravel: 1

Roof

Composition: 1

Security Features

Carbon Monoxide Detector(s): 1

Sewer

Septic Tank: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Mountain(s): 1

Window Features

Insulated Windows: 1

Income and Expenses

Gross Income: 34500 Lawn Care/Snow Removal Expense: 0 Insurance Expense: 1400

Unit One

Actual Rent: 750 Beds Total: 2 Leased: No Total SqFt: 750

Unit Two

Actual Rent: 750 Beds Total: 2 Leased: No Total SqFt: 760

Unit Three

Actual Rent: 750 Beds Total: 2 Leased: No Total SqFt: 800

Unit Four

Actual Rent: 625 Beds Total: 1 Total SqFt: 700

Unit Five

Leased: No Total SqFt: 0

Unit Six

Leased: No Total SqFt: 0

Unit Seven

Leased: No Total SqFt: 0

Unit Eight

Leased: No Total SqFt: 0

Contract Information

Current Price: $250,000 Original List Price: 285000 Sold Price: $250,000 Status: Closed Listing Contract Date: 2015-04-28 Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Zoning: Residential Directions: Old Military #146. turn down driveway to rear of property

Unit Details

Number Of Units Leased: 100

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Gas Oven; Refrigerator Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: None Electric: 200+ Amp Service Exemptions: No Exemptions Exterior Features: Lighting; Storage Foundation Details: Block Heating: Hot Water; Oil Listing Terms: Conventional Lot Features: Cleared; Level; Many Trees Other Structures: Outbuilding Parking Features: Deck; Driveway; Gravel Road Frontage Type: Easement Road Surface Type: Gravel Roof: Composition Security Features: Carbon Monoxide Detector(s) Sewer: Septic Tank Special Listing Conditions: Standard Utilities: Cable Available; Internet Available; Water Connected View: Mountain(s) Window Features: Insulated Windows
Listing Courtesy of Whiteface Realty
IDX
Information deemed reliable but not guaranteed.
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