This 3 unit is in a perfect location! Located down the road from North Country Community College it would be a great investment property for student housing. Across the street from the new waterfront hotel and the new All-Use Rail Trail, it has great potential. Close to downtown and many restaurants, in a desirable neighborhood. The ground floor 2-3 bedroom space would be a perfect owners unit with the ability to rent the other two units to cover expenses or convert to a single family home!
Discover this charming three apartment home located in the Helen Hill Historic District that offers privacy for its tenants.Two units could possibly be two bedrooms. The lower level one bedroom apartment has access from the three season back porch. All apartments have cure porches. Some could be for year round use. Recently upgraded with a 2 year old roof with complete ice and water shield, a new high efficiency propane boiler (being installed July 22,2024), several replaced appliances, vinyl bathroom floors, added blown seamless insulation, new Bradford White hot water heater, 3 new propane tanks located behind the building, Douglas Fir floors throughout all blending comfort with energy efficiency. Interior could use painting and a redo of middle apartment. All tenants have been there for 30 years and are happy with their units. For those who enjoy the outdoors or a bit of gardening, the property offers a private backyard abutting a serene wooded area and a space under the back porch that could be transformed into a handy workshop. The cleaned up basement provides additional space for storage. Tucked in a corner of a one-way street, the home ensures a peaceful living environment. Yet it remains conveniently close to downtown amenities accessible via common steps to main Street. Perfect for those spontaneous ice cream runs, leisurely strolls to town to catch some entertainment in Riverside Park or Berkeley Green, or a wonderful array of restaurant choices, art guild, library and quaint stores. Not to mention the proximity to Nori's Health food store, Grand Union Supermarket adds a layer of practicality to everyday living.
This listing features a well maintained, updated and profitable 7 unit building along the shores of the Saranac River in the center of DownTown Saranac Lake! Municipal public parking a block away and easy access in to the building from sidewalk one block off Broadway's night life, cafe's and shops! new Furnace in Sept. 2015. Many of the units have had upgrades and updates. Great tenants already in place at market rents.
This well-maintained, income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others, or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including a new roof, high-efficiency boiler, and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!
Wonderfully renovated and well maintained 3 unit apartment building producing great income for investors. Tenants pay the utilities. Plenty of off street parking. Desirable location close to downtown, schools, parks and lakes. Don't miss out on this established revenue generator and please give at least 24 hour notice for showings.
Saranac Lake is located in New York. Saranac Lake, New York has a population of 5,003. Saranac Lake is less family-centric than the surrounding county with 21.48% of the households containing married families with children. The county average for households married with children is 25.55%.
The median household income in Saranac Lake, New York is $54,813. The median household income for the surrounding county is $55,279 compared to the national median of $69,021. The median age of people living in Saranac Lake is 44.3 years.
The average high temperature in July is 75.3 degrees, with an average low temperature in January of 2.8 degrees. The average rainfall is approximately 40.8 inches per year, with 106.4 inches of snow per year.
