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MLS#204526

491 County Route 47 , Saranac Lake

$499,000
8
7
1,600 sqft
1.50 ac
A rare and highly flexible investment opportunity in the Harristown area of Saranac Lake, Hillman's Cottages offers a private compound of seven total units with zoning that allows for unlimited short-term rentals -- and without the burden of village taxes.Set on a quiet, wooded lot, the property includes a charming main residence with a separate upstairs one-bedroom apartment, plus six detached cottages -- a mix of one- and two-bedroom units. One year-round cottage is currently leased on a long-term basis, while the other seasonal cottages are rented monthly in the summer.Whether you're looking to live on-site while generating income, host guests seasonally, or run a year-round rental business, Hillman's Cottages offers the perfect blend of flexibility, privacy, and income potential.
Listing courtesy of Merrill L. Thomas, Inc.

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Property Information

Price:
$499,000499000
MLS#:
204526
Type:
Residential
Area: Saranac Lake, New York
Acres:
1.50
School District:
Saranac Lake
Tax Map:
435.4-2-2
Total Taxes:
$3,962
Style:
Cottage, Adirondack
Year Built:
1941
SQFT:
1,600
Seasonal:
Yes
Beds:
8
Baths:
7
Garage / Carport:
Yes
Electrical:
200+ Amp Service