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Lake Placid See all listings

2807 Wilmington Road, Lake Placid, NY 12946

$850,000

MLS# 200519

0.2 acres

2,454 sq. ft

Listing Courtesy of: Merrill L. Thomas, Inc.

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Portrait of Jack Favro

Jack Favro

518-637-8169

[email protected]

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Overview

This boutique-style vacation rental property, comprised of four newly renovated units, boasts a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and possessing the necessary permits, this property offers excellent income and strong rental history.

Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm.

In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.

Details & Amenities

Listing Details

  • MLS #: 200519
  • Status: Active
  • Sq. Ft: 2,454
  • Acreage: 0.2
  • Seasonal Property: No
  • Listing Agent: John Favro
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: Block, Crawl Space, No Inside Entry
  • Heating Type: Hot Water, Oil
  • Air-conditioning Type: Window Unit(s)

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: Mountain(s)
  • Lot Features: City Lot, Views
  • Lot Size Area: 0.2
  • Other Structures: None
  • Total Parking: 8
  • Patio & Porch Features: Porch
  • Road Type: Asphalt
  • Sewer: Public Sewer
  • Body of Water : None
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 42.224-1-6.000
  • Annual Taxes: $4,412
  • Year Built: 1940
  • Parking Features: Aggregate, Asphalt, Driveway
  • Exterior Siding: Aluminum Siding, Metal Siding
  • Roof Type: Aluminum, Membrane
  • Foundation Details: Block, Stone
  • Electric AMP: 200+ Amp Service
  • Water Source: Public
  • Architectural Style: Old Style
  • Window Features: Double Pane Windows