Lake Placid See all listings
2807 Wilmington Road, Lake Placid, NY 12946
$729,000
MLS# 200519
Listing Courtesy of: Merrill L. Thomas, Inc.
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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 by 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: Expired
- Date Listed: 12-21-2023
- 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, Dirt Floor, No Inside Entry
- Heating Type: Baseboard, Electric
- 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