Lake Placid See all listings

2807 Wilmington Road, Lake Placid, NY 12946

$349,000

MLS# 172458

0.2 acres

2,454 sq. ft


Listing Courtesy of: Merrill L. Thomas, Inc.

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Overview

This apartment building is exceptionally maintained at the east end of main street in a key travel corridor. It consist of one two bedroom and three one bedroom residential apartments. This property has the potential for great cash flow the day you purchase the property! Easy access to all Village amenities. A must see for the serious investor! All units separately metered. Three units are currently vacant ,they were getting between 550-650 per month for the units. Oil heat and Oil hot water average $250.00 per month. Tenants pay for the Electric , each unit has its own meter.

Details & Amenities

Listing Details

  • MLS #: 172458
  • Status: Closed
  • Date Listed: 01-01-2021
  • Sq. Ft: 2,454
  • Acreage: 0.2
  • Closing Date: 2021-10-22
  • Closing Price: $340,000
  • Seasonal Property: No
  • Listing Agent: John Favro
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: Crawl Space
  • Heating Type: Baseboard, Electric, Forced Air, Oil
  • Air-conditioning Type: None

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: None
  • Lot Features: None
  • Lot Size Area: 0.2
  • Patio & Porch Features: Porch Enclosed
  • Road Type: Gravel
  • Waterfront Features: None
  • Zoning Description: Commercial

Building & Construction

  • Tax Map #: 42.224-1-6.000
  • Annual Taxes: $2,210
  • Year Built: 1980
  • Parking Features: No Garage
  • Exterior Siding: Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Stone
  • Electric AMP: 100 Amp Service, Net Meter
  • Window Features: Wood Frames