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MLS#179169

64 Shepard , Saranac Lake

$525,000
0.30 ac
Don't miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you're an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market. *Seller is offering a $30,000 credit towards a new roof.
Listing courtesy of Merrill L. Thomas, Inc.

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Property Information

Price:
$525,000525000
MLS#:
179169
Type:
Multi-Family
Area: Saranac Lake, New York
Acres:
0.30
Waterfront:
Yes
School District:
Saranac Lake
Tax Map:
32.198-1-27.000
Year Built:
1925