317 Lake Flower Avenue, Saranac Lake, NY

Name: 317 Lake Flower Avenue, For Sale in Saranac Lake - Zoocasa
Brand: Coldwell Banker Whitbeck Assoc Tupper Lake
SKU: 208429
Price: 649000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$649,000

0010

MLS® 208429

Overview

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage

Maintenance Fees

Taxes $8,998

Days Active 9

Approx. Age 1940

MLS® Number 208429

Property Address: 317 Lake Flower Avenue, Saranac Lake, NY, 12983

Average square foot calculated using Size range provided by listing agent.

Description

Here is a unique opportunity to own a four-unit apartment house with 143 feet of waterfront on beautiful Lake Flower in Saranac Lake. This distinctive Victorian-style property offers an unusual combination of multifamily income and private waterfront ownership, with the home positioned on a small hill overlooking the lake. The property features a two-bedroom apartment occupying the entire third floor and a two-bedroom apartment encompassing the entire second floor. The first floor includes two separate one-bedroom apartments, each with its own private entrance. All apartments offer front and rear entrances. The first floor also provides flexibility for future reconfiguration, with the potential to create three one-bedroom apartments or one expansive three-bedroom apartment, subject to approvals. Additional features include a newer roof, abundant storage throughout the basement, five parking spaces in front and five in the rear, and a dock on Lake Flower. With appropriate approvals, there may be potential for multiple docks and boat-slip rentals, creating an additional income opportunity. Heat is included in rent for all tenants. Tenants pay their own electric. House has been completely re-wired and there are separate panels for each apartment in the basement. Live in one apartment while the rental income from the others helps offset ownership expenses, or maximize the property's investment potential. Located less than a quarter-mile from the Adirondack Rail Trail and approximately a 10-minute walk to downtown Saranac Lake, the property is close to restaurants, shops, galleries, entertainment, and the new Pendragon Theatre. Enjoy easy access to boating, hiking, biking, paddling, skiing, snowmobiling, and the many four-season recreational opportunities that make Saranac Lake a thriving Adirondack destination.

MLS® Number208429

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1940

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Hot Water, Oil

A/C

Extras

Map

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