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Saranac Lake See all listings

64 Shepard, Saranac Lake, NY 12983

$425,000

MLS# 179169

0.3 acres

6,068 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

Don’t miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you’re an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market.

Details & Amenities

Listing Details

  • MLS #: 179169
  • Status: Closed
  • Date Listed: 06-30-2023
  • Sq. Ft: 6,068
  • Acreage: 0.3
  • Closing Date: 2024-02-26
  • Closing Price: $385,000
  • Seasonal Property: No
  • Listing Agent: Kelsey Cassidy
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: Unfinished
  • Heating Type: Oil
  • Air-conditioning Type: None

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Saranac Lake
  • Township: N Elba
  • School District: Saranac Lake
  • Views: Neighborhood
  • Lot Features: Steep Slope
  • Lot Size Area: 0.3
  • Patio & Porch Features: Porch Enclosed
  • Road Type: Dirt
  • Waterfront Features: None

Building & Construction

  • Tax Map #: 32.198-1-27.000
  • Year Built: 1925
  • Parking Features: No Garage
  • Exterior Siding: Wood Siding
  • Roof Type: Tile
  • Foundation Details: Stone
  • Electric AMP: 200+ Amp Service
  • Window Features: Double Pane Windows, Single Pane Windows, Skylight(s)