Exceptional opportunity to acquire a high-performing 9-unit multi-family portfolio in the heart of AuSable Forks. This package consists of two well-maintained, neighboring buildings being sold together, offering immediate scale and a gross monthly income of $8,925. Highlights: Diverse Unit Mix: (1) 3BR unit, (3) 2BR units, (4) 1BR units, and (1) Studio. Low Owner Expenses: Units are separately metered for utilities, protecting your margins. Strategic Location: Situated 20 minutes from Whiteface Ski Resort and 30 minutes from Lake Placid and Plattsburgh—prime for workforce or recreational housing. Turnkey Operations: Ample off-street parking and a high-occupancy history. The property is within walking distance to local amenities, including coffee shops, bars, and restaurants, ensuring high tenant retention. With a strong day-one cap rate and a location central to the Adirondack High Peaks region, this is an ideal addition for the sophisticated commercial investor.
Au Sable Forks is located in New York. Au Sable Forks, New York has a population of 330. Au Sable Forks is more family-centric than the surrounding county with 48.75% of the households containing married families with children. The county average for households married with children is 27.47%.
The median household income in Au Sable Forks, New York is $55,417. The median household income for the surrounding county is $62,470 compared to the national median of $69,021. The median age of people living in Au Sable Forks is 50 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 8.3 degrees. The average rainfall is approximately 33.5 inches per year, with 58.6 inches of snow per year.
