Zoocasa Realty Inc., Brokerage

79 Franklin Ave, Saranac Lake, NY

Name: 79 Franklin Ave, For Sale in Saranac Lake - Zoocasa
Brand: Tina Leonard Real Estate, LLC
SKU: 208647
Price: 425000 USD

House

For Sale

Listed price in listed location currency (USD).

$425,000

004

MLS® 208647

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes $3,504

Days Active 17

Lot Size

Approx. Age 1930

MLS® Number 208647

Property Address: 79 Franklin Ave, Saranac Lake, NY, 12983-2064

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

Description

Updated 4-unit multifamily investment property in Saranac Lake, NY, about three blocks from Lake Flower. This quadriplex offers one 2-bedroom, 1-bath apartment and three 1-bedroom, 1-bath apartments. It's a strong fit for an investor building a rental portfolio or for a buyer who wants to live in one unit and rent out the other three. Each apartment has its own 100-amp electrical service on a separate meter. Electrical has been updated throughout, and most plumbing has been updated to PEX. The building also offers a new roof (2021), fresh paint throughout, an electric heat pump water heater, electric baseboard and wall fan heat, propane stoves, and wood floors throughout. Smoke detectors are connected to Mahoney Alarms, and a paved rear parking area holds 4+ cars. Apartment 1 is the 2-bedroom unit, with its own separate entrance, granite countertops and a washer/dryer hookup. Apartment 3 includes a washer and dryer as well as radiant floor heat in the bathroom. Apartment 4 is vacant and in the final stage of renovation. It has a washer and dryer and dimmable lighting, and a new kitchen countertop will be installed before closing, so it will be ready for a new tenant or an owner-occupant. The top-floor apartment offers views of Baker Mountain and a 3-season sun porch. Lake Flower is about two blocks away, and downtown Saranac Lake's restaurants and shops are less than half a mile away. This updated Saranac Lake quadriplex has income potential from day one.

MLS® Number208647

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

BasementUnfinished

DrivewayOpen, Off Street, Paved

Garage Spaces

HeatBaseboard, Electric, Radiant Floor

A/C

Extras

Map

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eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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