Welcome to a unique investment opportunity in Saranac Lake! This impeccably maintained quadplex offers four distinct townhome-style units. Each unit features fully equipped kitchens, two spacious bedrooms, providing residents with the utmost comfort and convenience. The property's ideal location allows for easy access to downtown Saranac Lake, the Saranac Lake Civic Center, schools, and parks, ensuring that residents have all the essentials right at their doorstep. Built to endure, this quadplex boasts a sturdy metal roof and low-maintenance aluminum siding, promising long-term durability and minimal upkeep. The convenience of on-site parking, including four carports, adds to the property's appeal, offering residents and guests hassle-free parking options. In addition to the well-designed living spaces, the property features an unfinished basement with washer/dryers, providing valuable storage space for residents and accommodating various needs. From a financial perspective, this quadplex presents a lucrative opportunity. With the potential to generate a substantial monthly income of $4,000 or more. What sets this opportunity apart is the fact that all units are currently vacant, providing a fresh start for investors. Whether you're looking to establish a steady rental income or explore creative possibilities for the space, this property offers endless potential.
Sold
$455,000
273 Ampersand Ave, Saranac Lake, NY 12983
--beds
0baths
3,478sqft
Quadruplex
Built in 1987
-- sqft lot
$500,300 Zestimate®
$131/sqft
$1,263 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 30, 2024 at 09:25pm
Listed by:
Kelsey Cassidy,
Merrill L. Thomas, Inc.
Bought with:
Matthew Szeliga, 10371201323
Mountain Run Realty
Source: ACVMLS,MLS#: 200742

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Propane
Cooling
- None
Appliances
- Included: Dryer, Electric Range, Electric Water Heater, Refrigerator, Water Heater
- Laundry: Lower Level
Features
- Flooring: Carpet, Linoleum
- Basement: Block,Concrete
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,478
- Total interior livable area: 3,478 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Features: Few Trees, Front Yard
Details
- Parcel number: 446.6738
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Aluminum Siding, Block, Concrete
- Foundation: Block
- Roof: Metal
Condition
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Sewer Connected, Water Connected, Propane, Separate Water Heater(s)
Community & neighborhood
Location
- Region: Saranac Lake
- Subdivision: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Road surface type: Dirt