Great building on a large lot located close to community beach, trails, and Adirondack Medical Center. Five large, easy to rent units. Three units currently occupied month to month at under market rates with room to improve. Potential for shop/garage space or an additional unit as well. Two units currently vacant in varying stages of rehab. Building is profitable even with vacancies so high potential for great cash flow once fully occupied at market rates. Apt 2 has full porch and a storage attic. Fireplace, washer and dryer in apt 1. Apt 3 also has its own washer/dryer. 48 Hour Notice is preferable for showings.
Sold
$175,000
132 Old Lake Colby Rd, Saranac Lake, NY 12983
--beds
0baths
3,272sqft
Apartment
Built in 1980
-- sqft lot
$179,100 Zestimate®
$53/sqft
$1,143 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 07, 2025 at 09:29am
Listed by:
Carl (CJ) Hagmann,
Say Real Estate
Bought with:
Jeremy Schenk, 10401238480
Say Real Estate
Source: ACVMLS,MLS#: 200590

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Oil
Cooling
- None
Appliances
- Included: Range, Refrigerator, Washer/Dryer Stacked
Features
- Apartment
- Flooring: Carpet, Hardwood, Linoleum
- Windows: Vinyl Clad Windows
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total structure area: 3,272
- Total interior livable area: 3,272 sqft
Property
Parking
- Total spaces: 8
- Parking features: Gravel, On Site
- Uncovered spaces: 8
Features
- Stories: 2
- Patio & porch: Front Porch, Side Porch
- Has view: Yes
- View description: Neighborhood
- Body of water: None
Lot
- Size: 0.61 Acres
- Dimensions: .61
- Features: Private, Rectangular Lot, Rolling Slope
- Topography: Rolling
Details
- Parcel number: 446.44112.200
- Zoning: Mixed
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Apartment
Materials
- Frame, Stucco
- Foundation: Stone
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet Available, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Saranac Lake
- Subdivision: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved