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Saranac Lake See all listings

273 Ampersand Avenue, Saranac Lake, NY 12983

$475,000

MLS# 200742

3,478 sq. ft

Listing Courtesy of: Merrill L. Thomas, Inc.

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Portrait of Kelsey Cassidy

Kelsey Cassidy

518-524-7373

[email protected]

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Overview

Welcome to a unique investment opportunity in Saranac Lake! This impeccably maintained quadplex offers four distinct townhome-style units. Each unit features fully equipped kitchens, two spacious bedrooms, providing residents with the utmost comfort and convenience. The property’s ideal location allows for easy access to downtown Saranac Lake, the Saranac Lake Civic Center, schools, and parks, ensuring that residents have all the essentials right at their doorstep. Built to endure, this quadplex boasts a sturdy metal roof and low-maintenance aluminum siding, promising long-term durability and minimal upkeep. The convenience of on-site parking, including four carports, adds to the property’s appeal, offering residents and guests hassle-free parking options. In addition to the well-designed living spaces, the property features an unfinished basement with washer/dryers, providing valuable storage space for residents and accommodating various needs. From a financial perspective, this quadplex presents a lucrative opportunity. With the potential to generate a substantial monthly income of $4,000 or more. What sets this opportunity apart is the fact that all units are currently vacant, providing a fresh start for investors. Whether you’re looking to establish a steady rental income or explore creative possibilities for the space, this property offers endless potential.

Details & Amenities

Listing Details

  • MLS #: 200742
  • Status: Closed
  • Date Listed: 10-17-2023
  • Sq. Ft: 3,478
  • Closing Date: 2023-12-18
  • Closing Price: $455,000
  • Seasonal Property: No
  • Listing Agent: Kelsey Cassidy
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: Block, Concrete
  • Heating Type: Baseboard, Propane
  • Air-conditioning Type: None

Exterior & Lot Features

  • Area: None
  • County: Franklin
  • Town: Saranac Lake
  • School District: Saranac Lake
  • Views: Neighborhood
  • Lot Features: Few Trees, Front Yard
  • Road Type: Dirt
  • Sewer: Public Sewer
  • Zoning Description: Residential

Building & Construction

  • Tax Map #: 446.67-3-8
  • Year Built: 1987
  • Parking Features: Carport
  • Exterior Siding: Aluminum Siding, Block, Concrete
  • Roof Type: Metal
  • Foundation Details: Block
  • Electric AMP: 200+ Amp Service
  • Water Source: Public
  • Architectural Style: Traditional
  • Home Levels: Three Or More