3,599 SqFt
3,599 SqFt
Key Details
Property Type Condo, Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,599 sqft
Price per Sqft $180
MLS Listing ID 208429
Style Old Style,Victorian
Year Built 1940
Annual Tax Amount $8,998
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Apartment
Source Adirondack-Champlain Valley MLS
Property Description
The property features a two-bedroom apartment occupying the entire third floor and a two-bedroom apartment encompassing the entire second floor. The first floor includes two separate one-bedroom apartments, each with its own private entrance. All apartments offer front and rear entrances. The first floor also provides flexibility for future reconfiguration, with the potential to create three one-bedroom apartments or one expansive three-bedroom apartment, subject to approvals.
Additional features include a newer roof, abundant storage throughout the basement, five parking spaces in front and five in the rear, and a dock on Lake Flower. With appropriate approvals, there may be potential for multiple docks and boat-slip rentals, creating an additional income opportunity. Heat is included in rent for all tenants. Tenants pay their own electric. House has been completely re-wired and there are separate panels for each apartment in the basement.
Live in one apartment while the rental income from the others helps offset ownership expenses, or maximize the property's investment potential. Located less than a quarter-mile from the Adirondack Rail Trail and approximately a 10-minute walk to downtown Saranac Lake, the property is close to restaurants, shops, galleries, entertainment, and the new Pendragon Theatre. Enjoy easy access to boating, hiking, biking, paddling, skiing, snowmobiling, and the many four-season recreational opportunities that make Saranac Lake a thriving Adirondack destination.
Location
State NY
County Essex
Zoning Mixed
Body of Water Lake Flower
Rooms
Basement Exterior Entry, Full, Unfinished
Interior
Heating Baseboard, Hot Water, Oil
Flooring Combination
Fireplaces Number 2
Fireplace Yes
Exterior
Waterfront Description Lake Front,Waterfront
View Lake, Neighborhood
Roof Type Asphalt,Membrane,Rubber
Street Surface Paved
Road Frontage Public
Total Parking Spaces 10
Garage No
Building
Lot Description Few Trees, Front Yard, Waterfront
Story Three Or More
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Old Style, Victorian
Structure Type Cedar,Frame
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 32.230-1-12.000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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