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2254 Saranac AvenueLake Placid, NY 12946Price: $575,000

  • Price: $575,000
  • Est. Mortgage of $/month
  • 52 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $575,000List Price
  • 0.2Acreage
  • 3,200Square Feet
Listed by S,Brooks Reynolds of The Reynolds Group of Lake Placid,LLC

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Unit Breakdown:3 units are 1-bedroom apartments.2 units are 2-bedroom apartments.Utilities: Each unit is metered separately.Property Condition: The building has been well-maintained over the years.Unit Features:Hardwood floors.Large windows for natural light.Some units have decks for outdoor living.Each unit has its own kitchen or kitchenetteEach w Private bathroomLot Size: 0.2 acres.Parking: 5 Parking Spots Available.Green Space: There is green space on the property.Location: Conveniently located within walking distance to Main Street.Rental Income: The combined rent for all units generates over $3,200 a month.Shared Space: The basement is shared and includes coin-operated laundry facility.Expenses: Details about expenses are available upon request.This property is a charming and well-maintained investment opportunity, particularly for those looking to generate rental income from multiple units in a convenient location. Specific expenses and other financial details available upon request. Tenants on month to month leases but Seller requesting three months notice for Tenants to find alternate living arrangements if the future purchaser has different plans for the property. SELLER REQUESTING PROOF OF FUNDS OR PREQUALIFICATION PRIOR TO SHOWING!

Property Details of 2254 Saranac Avenue

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 Based on information submitted to NY_ACVMLS as of December 6, 2023 2:52 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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