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MLS#206374

14217+19 NYS Route 9N , Au Sable Forks

$630,000
0.30 ac
Exceptional opportunity to acquire a high-performing 9-unit multi-family portfolio in the heart of AuSable Forks. This package consists of two well-maintained, neighboring buildings being sold together, offering immediate scale and a gross monthly income of $8,925.Highlights:Diverse Unit Mix: (1) 3BR unit, (3) 2BR units, (4) 1BR units, and (1) Studio.Low Owner Expenses: Units are separately metered for utilities, protecting your margins.Strategic Location: Situated 20 minutes from Whiteface Ski Resort and 30 minutes from Lake Placid and Plattsburgh--prime for workforce or recreational housing.Turnkey Operations: Ample off-street parking and a high-occupancy history.The property is within walking distance to local amenities, including coffee shops, bars, and restaurants, ensuring high tenant retention. With a strong day-one cap rate and a location central to the Adirondack High Peaks region, this is an ideal addition for the sophisticated commercial investor.
Listing courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake

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Property Information

Price:
$630,000630000
MLS#:
206374
Type:
Commercial
Area: Au Sable Forks, New York
Acres:
0.30
School District:
Ausable Valley
Total Taxes:
$11,418
Year Built:
1920