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518-523-3333

Investment Opportunity in Lake Placid

$1,295,000
| MLS #: 164667 | 4,250 sq. ft
Margie Papier Philo
NYS Real Estate Broker/Owner
Office: (518) 523-3333
Cell: (518) 524-7347
margie@adkpp.com
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Newly re-built in 2013, this investors opportunity awaits in this turn-key nine unit apartment building currently renting as vacation rentals.  Grossing $185,000 with only 7 units included in that income,  all nine units gross rentals will be over $200,000.  Constructed with resort quality finishes and furniture, a new owner will have nothing to do to inherit this investment property.  The building includes a large, off-street parking lot and is an easy 2 block walk to the Olympic skating arenas, Main Street restaurants and shops in this ideal location.  The seller also suggests the possibility to apply for condominium Attorney General Approval to sell each unit.

Income Producing Property!

Interior Details

Style:
  • Apartments
  • Commercial
Square Feet: 4250
Interior Features:
  • Handicap Access

Exterior Details

Location: : Lake Placid
APX Acreage: .37
County: Essex
No Garage
School District: Lake Placid
Total Taxes: $ 14324
Zoning:
  • Residential
  • Commercial
  • Additional Features: Exterior: Sprinkler system