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MLS#174498

5829 NYS Rt 86, Wilmington

$699,500
4,000 sqft
5.00 ac
In the heart of Wilmington this convenient location is an excellent investment opportunity with these multi- buildings on a residential property that includes 8 apartments combined between the main house with 2 apartments and basement studio unit and three additional buildings each with a total of 5 apartments. There is also a three-acre wooded area on these 5 acres to build another home(s). Occupy as an owner and receive income from the other 7 apartments or rent all 8 units. Only minutes to Whiteface Mountain to ski or mountain bike. Lake Placid Village 20 minutes away for skating, restaurants and shops. The Au Sable River is walking distance for excellent fishing and wading. There are numerous shops and new restaurants, small grocery market all located right in Wilmington. Currently completely rented and occupied with long term good tenants grossing $6,000 monthly with an opportunity to increase some rents.
Listing courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService

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Property Information

Price:
$699,500699500
MLS#:
174498
Type:
Commercial
Area: Wilmington, New York
Acres:
5.00
Lot Dimensions:
5
Zoning:
Residential
School District:
Lake Placid
Tax Map:
16.19-2-34.001
Total Taxes:
$5,667
Style:
Apartments
Year Built:
1945
SQFT:
4,000
Stories:
Frame
Garage / Carport:
Oil
Heating:
None
Cooling:
100 Amp Service
Electrical:
Septic, Water Connected, Cesspool