This well-maintained, income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others, or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including a new roof, high-efficiency boiler, and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units.Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!
MLS#202172
24 Sumner Place, Saranac Lake
$325,000
Listing courtesy of Engel & Volkers Lake Placid Real Estate
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Property Information
Price:
$325,000325000
MLS#:
202172
Type:
Multi-Family
Area: Saranac Lake, New York
Acres:
0.27
Zoning:
Residential
School District:
Saranac Lake
Tax Map:
447.77-1-1.100
Total Taxes:
$3,896
Year Built:
1930
Garage / Carport:
Yes