Address
2807 Wilmington Road, Lake Placid, NY
Price
$ 850,000
Property Attributes
- MLS#200519
- TypeMulti-Family
- CountyESSEX
- CityLake Placid
- AreaLake Placid
- Zip12946
- StyleQuadruplex
- Year Built1940
- Taxes$ 4412
- Price$ 850,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage1850
- Lot Size8,712 SqFt
Data Source:
Adirondack-Champlain Valley MLS
Property Description
This boutique-style vacation rental property, comprised of four newly renovated units, boasts a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and possessing the necessary permits, this property offers excellent income and strong rental history. Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm. In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.
| Price History | |
|---|---|
| 9/18/2023 | Listed $850,000 |
General Features
| # of Buildings | 1 |
|---|---|
| Appliances | Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator, Vented Exhaust Fan |
| Architctural Style | Old Style |
| Association? | No |
| Basement | Block, Crawl Space, No Inside Entry |
| City | Lake Placid |
| Coming Soon | This boutique-style vacation rental property, comprised of four newly renovated units, boasts a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corr |
| Construction Materials | Aluminum Siding, Metal Siding |
| Cooling | Window Unit(s) |
| County | Essex |
| Directions | RT 86 toward Wilmington look for sign |
| Documents Available | Deed, Lead Paint, Property Condition |
| Electric | 200+ Amp Service |
| Heating | Hot Water, Oil |
| Home Warranty Yn | No |
| MLS Area | Lake Placid |
| Number of Garage Spaces | 0.00 |
| Owner Pays | All Utilities, Electricity, Hot Water, Insurance, Management, Repairs, Sewer, Snow Removal, Taxes, Trash Collection |
| Parcel Number | 42.224-1-6.000 |
| Parking Total | 8.00 |
| Property Condition | Updated/Remodeled |
| Property Type | B |
| Roof | Aluminum, Membrane |
| School District | Lake Placid |
| Sewer | Public Sewer |
| Status | Active |
| Street Name | Wilmington |
| Structure Type | Multi Family |
| Sub Type | Quadruplex |
| Subdivision Name | None |
| Tax Assessed Value | 334900.00 |
| Township | N Elba |
| Unit One | Refrigerator |
| Utilities | Electricity Connected, Internet Available, Sewer Connected, Water Meter Master |
| View | Mountain(s) |
| Year Built | 1940 |
| Zoning | Mixed |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Fireplace | No |
| Flooring | Combination |
| Interior Features | Apartment |
| List Price/sqft | 346.37 |
| Spa Features | None |
| Total Units | 4 |
| Window Features | Double Pane Windows |
Exterior Features
| Carport Yn | No |
|---|---|
| Exterior Features | Private Entrance |
| Fencing | None |
| Foundation | Block, Stone |
| Frontage Type | Other |
| Garage Y/N | No |
| Lot Description | City Lot, Views |
| Lot Size Acres | 0.2000 |
| Mls Identifier | 20230119185416510708000000 |
| Open Parking Spaces | 8.00 |
| Other Structures | None |
| Parking Features | Aggregate, Asphalt, Driveway |
| Patio And Porch Features | Porch |
| Road Frontage Type | State Road |
| Road Surface Type | Asphalt |
| Street Number | 2807 |
| Water Body Name | None |
| Water Source | Public |
| Waterfront | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 12946
Price
Taxes
Visits
Year Built
Walkscore
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
