This six-unit apartment building is an attractive income-producing investment opportunity with a diverse unit mix consisting of two one-bedroom apartments, two two-bedroom apartments, one three-bedroom apartment, and one spacious four-bedroom apartment--a total of 13 bedrooms. At full occupancy the rent roll generates $4,550 per month and $54,600 in annual gross rental income. All leases are month-to-month, giving a new owner flexibility in future property management. Tenants are responsible for their own heat and hot water, helping limit owner-paid utility expenses. Potential for future income growth based on market conditions. With an established rental history, varied apartment sizes, and tenant-paid utilities, the property offers a solid foundation for an investor seeking a multi-unit income property.
Nestled in the heart of the Adirondack village of Elizabethtown, the county seat of Essex, this beautifully updated two-unit property offers a rare combination of income potential, lifestyle appeal, and natural beauty. Whether you're an investor seeking a turnkey opportunity, a buyer looking to live in one unit and offset costs with the other, or someone looking to combine both floors into a single residence home, this property delivers! The first-floor residence has an open living space, a full bathroom, a well-appointed kitchen, and warm hardwood floors bathed in natural light. The second floor currently has two bedrooms, a full bathroom, and kitchen. Recent updates by the current owner elevate the property significantly -- including fresh exterior paint, updated interior paint upstairs, new first-floor appliances, basement stairway paneling, thoughtful landscaping, and a newly added carport for convenient covered parking. Step outside to your back yard and enjoy direct access to the Bouquet River via your own steps down to 73 feet river frontage -- an idyllic setting for relaxing or simply taking in the sounds of the water. The classic covered front porch invites you to slow down and soak in everything the Adirondacks have to offer. Situated just a stone's throw from downtown Elizabethtown's shops, dining, and community events, and within easy reach of world-class hiking, fishing, and skiing, this property places you at the center of four-season Adirondack living. Furnishings negotiable.
Elizabethtown is located in New York. Elizabethtown, New York has a population of 960. Elizabethtown is more family-centric than the surrounding county with 27.93% of the households containing married families with children. The county average for households married with children is 22.25%.
The median household income in Elizabethtown, New York is $66,000. The median household income for the surrounding county is $61,563 compared to the national median of $69,021. The median age of people living in Elizabethtown is 53.4 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 35.4 inches per year, with 67 inches of snow per year.
