Lake Placid See all listings

181 Newman Road, Lake Placid, NY 12946

$649,000

MLS# 178476

0.3 acres

3,360 sq. ft


Listing Courtesy of: Merrill L. Thomas, Inc.

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Overview

A rare investment opportunity on the Gateway Corridor in Lake Placid with ample parking, this four unit property is one incredible value! The detached 2 bedroom cabin has a fenced in yard for pets & children, while the 3 apartments within the main building each offer 3 very unique perspectives. Formerly a commercial space, Unit 3 is two levels of open floor plan with one bedroom, 1.5 baths & copious storage space for gear or collectibles. There’s even a small balcony off the second floor to enjoy your morning coffee. Access Unit 2 from the street side or rear parking area & enter the open floor plan with one bedroom, 1 bathroom & large kitchen & living areas. Unit 1, a cozy 1 bedroom, 1 bathroom is a flight up from street level & has access to the small side yard for outdoor enjoyment. All units are occupied well finished & in terrific repair. All units are currently occupied. Call today for a tour & give your income a boost!

Details & Amenities

Listing Details

  • MLS #: 178476
  • Status: Expired
  • Date Listed: 04-20-2023
  • Sq. Ft: 3,360
  • Acreage: 0.3
  • Seasonal Property: No
  • Listing Agent: Stuart Ruttan, II
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: Dirt Floor, Partial, Unfinished
  • Heating Type: Baseboard, Electric
  • Air-conditioning Type: Wall Unit(s)

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: Commercial, Neighborhood
  • Lot Features: Irregular Lot, Level
  • Lot Size Area: 0.3
  • Patio & Porch Features: Porch
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 42.271-1-4.000
  • Annual Taxes: $3,215
  • Year Built: 1930
  • Parking Features: Driveway, Gravel, No Garage
  • Exterior Siding: Wood Siding
  • Roof Type: Asphalt, Metal
  • Foundation Details: Stone
  • Electric AMP: 200+ Amp Service
  • Window Features: Insulated Windows

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