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MLS#200590

132 Old Lake Colby Rd Road, Saranac Lake

$175,000
0.61 ac
Great building on a large lot located close to community beach, trails, and Adirondack Medical Center. Five large, easy to rent units. Three units currently occupied month to month at under market rates with room to improve. Potential for shop/garage space or an additional unit as well. Two units currently vacant in varying stages of rehab. Building is profitable even with vacancies so high potential for great cash flow once fully occupied at market rates. Apt 2 has full porch and a storage attic. Fireplace, washer and dryer in apt 1. Apt 3 also has its own washer/dryer. 48 Hour Notice is preferable for showings.
Listing courtesy of Say Real Estate

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Property Information

Price:
$175,000175000
MLS#:
200590
Type:
Multi-Family
Area: Saranac Lake, New York
Acres:
0.61
Lot Dimensions:
.61
Waterfront:
Yes
Zoning:
Mixed
School District:
Saranac Lake
Tax Map:
446.44-1-12.200
Total Taxes:
$5,096
Year Built:
1980
Stories:
2
Garage / Carport:
No