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James T. Pepper, Lic. Real Estate Broker, Lic. in NY State

Property Details - Lake Luzerne Real Estate

551 Lake Avenue, Lake Luzerne, NY 12846

Price: $549,900

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Number of Pictures: 1 of 22

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Multi-Family Home
Taxes:	$6,497
Year Built:	1970
MLS Number:	202322429

Community Info:

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Across from KOA in Lake Luzerne

Description

Investors take notice! 15 unit rental property with strong financials and value add potential. Located across from KOA campground, Bon's Ice cream & mini golf. Close to Hadley Luzerne CSD. Five buildings on 3 acres of level landscaped ground. Units consist of (4) 1Br apartments, (4) Studio apartments, (4) ''double'' motel rooms & (3) ''single'' motel rooms. All tenants are long term on month to month leases. Mechanicals recently replaced or maintained. Septics are newer. Roofs all new except garage building. Contact LA regarding rent roll & financial details.

Features

Elementary school: Hadley-Luzerne	High school: Hadley-Luzerne	Hot water heat
Propane heat	Window unit air conditioner	Off street parking
Parking spaces: 18	Frame exterior	Storm doors
Porch	Deck	Inground pool
Lot acreage is: 3	Lot dimension is: 3 ac	Level lot
Lot sqft: 130680	Lot zoned: Commercial	Present use: Apartment Plus,Investment
Lot number: 12	Carpet	Laminate flooring
Smoke alarm	Shingle roof	Full basement
Slab basement	Public water	Property style: Multiple Dwelling Unit,Housekeeping Cottages
Shed	Business type: Rental

Mortgage Payments

The approximate monthly Principal & Interest payment for this property would be $1,761.17.
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(802) 770-5990

Courtesy of:

Howard Hanna
Sean Rogge
(518) 798-3636

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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