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$175,000   Price Analysis
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132 Old Lake Colby Rd
Saranac Lake, NY 12983
Unknown bed 0 bath 3,272 SqFt ($53/SqFt)
0.61 acre lot. Built 1980
Listed 2023-09-26, Taxes $5,142
USDA Eligible
near Saranac Lake, NY
 Restrictions may apply
due to home size

Great building on a large lot located close to community beach

Trails and Adirondack Medical Center. Five large, easy to rent units. Three units currently occupied month to month at under market rates with room to improve. Potential fo r shop/garage space or an additonal unit as well. Two units currently vacant in varying stages of rehab.

Building is profitable even with vacancies so high potential for tremendous cash flow once fully occupied at market rates. Apt 2 has full porch and a storage attic. Fireplace, washer and dryer in apt 1. Apt 3 also has its own washer/dryer. 48 Hour Notice is preferable for showings.


Presented by Carl J Hagmann at
Say Real Estate.
Listing Agent Photo

Property MLS #200590 from AdirondackChamplainValley

Total Bathrooms: 0

Apartment
Flooring: Carpet, Hardwood, Linoleum
Window Features: Vinyl Clad Windows

Range
Refrigerator
Washer/Dryer Stacked

Basement Features: Unfinished
Basement Description: Unfinished

Heating Features: Oil
Heating: Yes

Patio And Porch Features: Front Porch, Side Porch
Road Frontage Type: Paved

Lot Description: Private, Rectangular Lot, Rolling Slope
Lot Size Acres: 0.61
Lot Size Dimensions: .61
Lot Size Square Feet: 26572

Parking Total: 8

View: Neighborhood

School District: Saranac Lake

Saranac Lake Senior High School is a public high school located approximately 1.1 miles away.
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Saranac Lake Middle School is a public middle school located approximately 1.1 miles away.
directions icon Map directions

Petrova Elementary School is a public elementary school located approximately 1.1 miles away.
directions icon Map directions

Northern Lights School is a private elementary school located approximately 1.1 miles away.
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Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 5096.420000000
Source Listing Status: Active
County: Franklin
Directions: take Broadway bear right onto Old Lake Colby Rd . look for 132 on right.
Source Property Type: Residential Income
Area: Saranac Lake, Raybrook
MLS Area Minor: Saranac Lake, Raybrook
Source Neighborhood: Saranac Lake, Raybrook
Owner Pays: Hot Water, Insurance, Management, Sewer, Taxes, Trash Collection, Water
Parcel Number: 446.44-1-12.200
Zoning: Mixed
Property Subtype: Apartment
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$129,900 + $35,100
$165,000
$5,142
2022$129,900 + $35,100
$165,000
$5,045
2021$129,900 + $35,100
$165,000
$4,900
2020$129,900 + $35,100
$165,000
$4,807
2017$129,900 + $35,100
$165,000
$4,648
2016$129,900 + $35,100
$165,000
$4,416
2015$129,900 + $35,100
$165,000
$4,935
2014$129,900 + $35,100
$165,000
$4,240
2014$129,900 + $35,100
$165,000
$4,275
2013$119,000 + $46,000
$165,000
$4,298
2012$119,000 + $46,000
$165,000
$2,728

Price Changed 2024-03-13
$175,000
AdirondackChamplainValley
Price Changed 2023-11-11
$194,000
AdirondackChamplainValley
Relisted 2023-10-21
$199,000
AdirondackChamplainValley
Listing removed 2023-10-17
$0
AdirondackChamplainValley
Listed 2023-09-26
$199,000
AdirondackChamplainValley
Listing removed 2012-10-16
$239,000
AdirondackChamplainValley
Listed 2012-05-22
$239,000
AdirondackChamplainValley
Sold 2002-08-02
$125,000
Public Record
Sold 1997-07-30
$47,000
Public Record

Year Built: 1980
Building Area Total: 3272
Building Exterior Type: Frame, Stucco
Construction Materials: Frame, Stucco
Foundation Details: Stone
Property Age: 44
Property Condition: Fixer
Roof: Metal
Levels or Stories: 2
Building Total Stories: 2
Architectural Style: Traditional

Sewer: Public Sewer
Electricity Connected
Internet Available
Phone Available
Sewer Connected
Water Connected
Water Source: Public
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.