Don't miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you're an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market.
Sold
$385,000
64 Shepard Ave, Saranac Lake, NY 12983
--beds
0baths
6,068sqft
Apartment
Built in 1925
-- sqft lot
$416,600 Zestimate®
$63/sqft
$1,377 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:
Blythe Niles-Linster, 10401305210
Engel & Volkers Lake Placid Real Estate
Source: ACVMLS,MLS#: 179169

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Oil
Cooling
- None
Appliances
- Included: Dryer, Gas Range, Oil Water Heater, Refrigerator, Washer
Features
- Apartment, High Speed Internet
- Windows: Double Pane Windows, Single Pane Windows, Skylight(s)
- Basement: Unfinished
Interior area
- Total structure area: 6,068
- Total interior livable area: 6,068 sqft
Property
Parking
- Total spaces: 5
- Parking features: No Garage
- Uncovered spaces: 5
Features
- Exterior features: Lighting
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.30 Acres
Details
- Parcel number: 32.198127.000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Wood Siding
- Foundation: Stone
- Roof: Tile
Condition
- Year built: 1925
Utilities & green energy
- Utilities for property: Internet Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Saranac Lake
- Subdivision: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Road surface type: Dirt