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MLS#206372

16 Broad Lane, Au Sable Forks

$280,000
0.20 ac
Maximize your portfolio with this turnkey three-unit income property located in the strategic hub of AuSable Forks. Positioned just 20 minutes from Whiteface Mountain and 30 minutes from Lake Placid, this property offers a rare combination of immediate cash flow and significant appreciation potential.Unit 1: 2 BR / 1 BA | Leased at $1,225/moUnit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity)Unit 3: Studio | Month-to-Month at $600/moTotal Gross Monthly Income: $2,325With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.
Listing courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake

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Property Information

Price:
$280,000280000
MLS#:
206372
Type:
Multi-Family
Area: Au Sable Forks, New York
Acres:
0.20
School District:
Ausable Valley
Tax Map:
7.84-2-7.000
Total Taxes:
$5,715
Year Built:
1920
Garage / Carport:
No