MLS#206281

72 Cornelia Street

$298,000

0.1 acres

Centrally located up/down duplex currently used as student housing, offering two large 3-bedroom, 1-bath units, each with laundry. The property is well-maintained and has demonstrated stable performance year after year with efficient operating costs. Rents are under market, creating room for increased income, and utilities could be shifted to tenants. Both units are leased through May 2026, and there is already interest for the following academic year. This property could also be highly profitable as a long-term rental or converted into furnished, short-term housing, with long-term rents projected to approach $40,000 annually. A versatile and attractive investment opportunity.

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Listing courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake