223 225 Neil ST Saranac Lake, NY 12983
3,687 SqFt
UPDATED:
Key Details
Property Type Condo, Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,687 sqft
Price per Sqft $108
MLS Listing ID 208476
Year Built 1920
Annual Tax Amount $8,078
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Apartment
Source Adirondack-Champlain Valley MLS
Property Description
Well-maintained multi-family property featuring a separate one-unit home, offering an excellent opportunity for investors or owner-occupants seeking strong rental income and long-term stability.
The property offers a desirable mix of 1-, 2-, and 3-bedroom units, providing flexibility for a variety of tenants. The units have been well cared for and feature beautiful hardwood floors, generous natural sunlight, and comfortable living spaces.
With a history of strong rental income and stable, long-term occupancy, this property offers an attractive combination of income potential and dependable performance.
The location is another standout feature. Conveniently situated close to schools and downtown, while also being centrally located near parks, recreation, shopping, dining, and other community amenities, making it appealing to both current and prospective tenants.
Whether you're looking to expand your investment portfolio or seeking a property with multiple income-producing opportunities, this well-maintained multi-family property deserves a closer look.
A great location, diverse unit mix, separate one-unit home, and established rental history make this a compelling investment opportunity.
Location
State NY
County Franklin
Zoning Mixed
Direction In Saranac Lake turn up Olive hill by the post office. At the top of the hill turn right onto William St. At the first intersection turn right onto Neil St.; the driveway is immediately on your left.
Rooms
Basement Apartment, Finished
Interior
Interior Features Apartment
Heating Baseboard, Hot Water, Oil
Equipment Fuel Tank(s)
Appliance Free-Standing Electric Oven, Free-Standing Electric Range
Laundry Electric Dryer Hookup, Laundry Closet, Washer Hookup
Exterior
Exterior Feature Balcony, Private Entrance
Parking Features Off Street, Open
Roof Type Metal
Street Surface Paved
Porch Deck, Rear Porch
Road Frontage Public
Total Parking Spaces 6
Garage No
Building
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 446.76-6-9
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional