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Michael Kreho

mike.kreho@engelvoelkers.com +1(518) 524-9516

$ 815,000

Est. payment -/mo

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Active

2807 Wilmington RD Lake Placid, NY 12946

2,454 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,454 sqft

Price per Sqft $332

MLS Listing ID 206660

Style Old Style

Construction Status Updated/Remodeled

Year Built 1945

Annual Tax Amount $4,720

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Quadruplex

Source Adirondack-Champlain Valley MLS

Property Description

Rustic style meets modern charm in this beautifully renovated vacation rental property. Comprised of four units with private entrances, this property is located in a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and by possessing the necessary permits, this property offers excellent income and strong rental history. This multi unit is made up of a two bedroom unit, three one bedroom units and a common area laundry room with 2 sets of machines. This property has been thoughtfully upgraded inside and out and includes great amenities for guests such as retractable awnings, private outdoor lounging, and an EV charge station. These units generate $100,000 in revenue a year. Furnishings are negotiable allowing this to be a turn key operation for the next owner.

Location

State NY

County Essex

Zoning Mixed

Direction Follow main st until it turns into Wilmington rd. Property iwll be on the left after the white bear restaurant and before the golf course.

Rooms

Basement Block, Dirt Floor

Interior

Interior Features Apartment, Recessed Lighting

Heating Baseboard, Electric

Cooling Window Unit(s)

Flooring Combination

Fireplace No

Window Features Vinyl Clad Windows

Appliance Electric Range, Exhaust Fan, Free-Standing Refrigerator, Microwave

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Awning(s), Barbecue, Lighting, Private Entrance, Smart Lock(s)

Parking Features Electric Vehicle Charging Station(s), On Site

Pool None

Utilities Available Internet Connected, Sewer Connected, Water Connected

View Downtown, Mountain(s)

Roof Type Membrane,Metal

Street Surface Paved

Porch Awning(s), Deck

Road Frontage Public, State Road

Garage No

Building

Lot Description Near Golf Course, Near Public Transit, Views

Story Two

Foundation Block, Stone

Sewer Public Sewer

Water Public

Architectural Style Old Style

Structure Type Aluminum Siding,Metal Siding

New Construction No

Construction Status Updated/Remodeled

Schools

School District Lake Placid

Others

Senior Community No

Tax ID 42.224-1-6.000

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Kristina Clifford • Say Real Estate

NEARBY SCHOOLS & PROPERTIES

Michael Kreho

Licensed Real Estate Salesperson

+1(518) 524-9516

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