This well-maintained

Income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including new roof, high-efficiency boiler and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units. Situated within walking distance of Lake Flower, Riverside Park and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!

Request Information
on 24 Sumner Pl
in Saranac Lake, NY
Presented by Christine Mulvihill at
Engel & Vlkers Lake Placid.


Property MLS #202172 from AdirondackChamplainValley

+ Reveal additional info including schools and tax history

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+ Bathrooms

Total Bathrooms: 0

+ Appliances

Dishwasher
Electric Oven
Refrigerator

+ Heating and Cooling

Heating Features: Hot Water, Propane
Heating: Yes

+ Interior Features

Flooring: Combination
Window Features: Single Pane Windows, Storm Window(s)

+ Exterior and Lot Features

Other Structures: Garage(s)

+ Land Info

Lot Size Acres: 0.27
Lot Size Square Feet: 11761

+ Garage and Parking

Parking Total: 4

+ Home Features

View: Mountain(s)

+ School Information

School District: Saranac Lake
+ Display Complete School Details

Saranac Lake Senior High School is a public high school located approximately 0.2 miles away.
Map directions

Saranac Lake Middle School is a public middle school located approximately 0.2 miles away.
Map directions

Petrova Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Northern Lights School is a private elementary school located approximately 0.3 miles away.
Map directions

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 3896
Source Listing Status: Active
County: Franklin
Directions: If you are in downtown Saranac Lake, head west on Bloomingdale Avenue (NY-3 W). Continue straight until you reach Sumner Place, then turn left. 24 Sumner Place will be on your left.
Source Property Type: Residential Income
Area: Saranac Lake, Raybrook
MLS Area Minor: Saranac Lake, Raybrook
Source Neighborhood: Saranac Lake, Raybrook
Parcel Number: 447.77-1-1.100
Zoning: Residential
Property Subtype: Quadruplex
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2023	$102300 + $21700 $124000	$3865
2022	$102300 + $21700 $124000	$3791
2021	$102300 + $21700 $124000	$3683
2020	$102300 + $21700 $124000	$3613
2017	$155500 + $34500 $190000	$4548
2016	$155500 + $34500 $190000	$4539
2015	$155500 + $34500 $190000	$4840
2014	$155500 + $34500 $190000	$4616
2014	$155500 + $34500 $190000	$4650
2013	$144700 + $45300 $190000	$4949
2012	$144700 + $45300 $190000	$3142

+ Reveal Property Sale History

Listed 2024-06-19
$325000
AdirondackChamplainValley

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Sold 2018-11-02
$157000
Public Record

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Sold 2010-02-23
$190000
Public Record

+ Building and Construction

Year Built: 1930
Building Area Total: 3396
Building Exterior Type: Aluminum Siding
Construction Materials: Aluminum Siding
Foundation Details: Poured
Levels: Two
Property Age: 94
Roof: Metal
Levels or Stories: 2
Building Total Stories: 2
Architectural Style: Old Style

+ Utilities

Sewer: Public Sewer
Electricity Connected
Internet Available
Sewer Connected
Water Connected
Propane
Water Source: Public