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Inventory CO0138 - Temporarily Off Market

7- UNIT APARTMENT BUILDING

Investment Opportunity!

Downtown Saranac Area
 

This commercial property is located just off Route 86 and is currently 100% occupied.  

Gross income $38K/yr with apartment #1 renting for $525, #2 for $500, #3 for $450, #4 for $425, #5 for $425, #6 for $390 and #7 for $465.  Approximate expenses include:  utility cost of $6,600/yr, insurance at $1,690/yr. and taxes running $2,613/yr.  

Very nice 7 unit apartment building in excellent condition.  New roof, new paint, six new kitchens and six new baths, nice carpet, coin operated washer & dryer, 2 stall garage, and even an old "cure" cottage with nice interior woodworking.  Both town water & sewer and approximately .18 acre with 148' +/- road frontage on Park Ave.

  Offered at $379,000! (agent owned)

                                                                                   (Inventory #CO0138)

          

 

Adirondack Country Homes Realty Inc.