Looking for a robust income property in the Adirondacks? This 9-unit residential package offers a rare opportunity to own two neighboring buildings with a proven track record of consistent rental income. Generating $8,925 in gross monthly revenue, this property is perfectly positioned for an owner-operator or a growing residential portfolio. Located within easy walking distance to downtown shopping, dining and nightlife. All units are separately metered, simplifying management and overhead with a versatile mix ranging from efficient studios to a large 3-bedroom unit, catering to a wide range of the local rental market. The location is also commuter-friendly being only 20 minutes from Whiteface Mountain and 30 minutes to Plattsburgh or Lake Placid. The package includes ample off-street parking and the benefit of two adjacent lots for streamlined maintenance. Whether you are looking for a long-term hold or a high-performing rental hub near the Olympic region, these properties deliver both stability and location.
Maximize your portfolio with this turnkey three-unit income property located in the strategic hub of AuSable Forks. Positioned just 20 minutes from Whiteface Mountain and 30 minutes from Lake Placid, this property offers a rare combination of immediate cash flow and significant appreciation potential. Unit 1: 2 BR / 1 BA Leased at $1,225/mo Unit 2: 2 BR / 1 BA Month-to-Month at $500/mo (Value-add opportunity) Unit 3: Studio Month-to-Month at $600/mo Total Gross Monthly Income: $2,325 With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.
Spacious Side-by-Side Duplex with Large Backyard This expansive duplex offers an excellent opportunity for owner-occupancy or investment. Both units feature four bedrooms and one bathroom with generous living spaces and open-concept layouts. The west unit (A) includes an attached garage with an additional storage area. Current rents are well below market value, with Unit A renting at $765/month and Unit B at $565/month, both on a month-to-month tenancy. Tenants are responsible for their own utilities. The large backyard provides ample space for privacy and recreation. Don't miss out on this incredible investment opportunity!
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.
