Sold for $385,000

$385,000

64 Shepard Ave, Saranac Lake, NY 12983

--beds

0baths

6,068sqft

Apartment

Built in 1925

-- sqft lot

$449,800 Zestimate^®

$63/sqft

$1,530 Estimated rent

Home value

$449,800

$382,000 - $517,000

$1,530/mo

Zestimate^® history

Owner options

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$1,530/mo

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$1,530/mo

Rent Zestimate^®

Refinance and save

$2,562/mo

Est. payment

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$2,562/mo

Est. payment

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What's special

Riverside parkPartial mountain rangeShared laundry facilitiesLake views

Don't miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you're an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Cooling

None

Appliances

Included: Dryer, Gas Range, Oil Water Heater, Refrigerator, Washer

Features

Apartment, High Speed Internet
Windows: Double Pane Windows, Single Pane Windows, Skylight(s)
Basement: Unfinished

Interior area

Total structure area: 6,068
Total interior livable area: 6,068 sqft

Property

Parking

Total spaces: 5
Parking features: No Garage
Uncovered spaces: 5

Features

Exterior features: Lighting
Has view: Yes
View description: Neighborhood

Lot

Size: 0.3 Acres

Details

Parcel number: 32.198127.000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Wood Siding
Foundation: Stone
Roof: Tile

Condition

Year built: 1925

Utilities & green energy

Utilities for property: Internet Available, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: None

Location

Region: Saranac Lake

Financial & listing details

Price per square foot: $63/sqft
Tax assessed value: $291,500
Date on market: 6/30/2023
Listing agreement: Exclusive Right To Sell
Road surface type: Dirt

Price history

Date	Event	Price
2/26/2024	Sold	$385,000-9.4%$63/sqft
Source: ACVMLS #179169 Report a problem
11/11/2023	Pending sale	$425,000$70/sqft
Source: ACVMLS #179169 Report a problem
10/10/2023	Price change	$425,000-19%$70/sqft
Source: ACVMLS #179169 Report a problem
6/30/2023	Listed for sale	$525,000$87/sqft
Source: ACVMLS #179169 Report a problem