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Map
$657,000 - $801,000
●
Multifamily -
Off Market
2807 Wilmington Road
Lake Placid, NY 12946
Studio
0 Bath
2454 Sqft
About This Property
This boutique-style vacation rental property, comprised of four
newly renovated units, boasts a prime location just a short,
convenient stroll from downtown Lake Placid. Situated within the
Gateway Corridor and by possessing the necessary permits, this
property offers excellent income and strong rental history.
Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm.
In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.
The manager has listed the unit size as 2454 square feet.
Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm.
In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.
The manager has listed the unit size as 2454 square feet.
Unit Size
2,454Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$297
Property Type
Multifamily
Property Taxes
$368
HOA Dues
-
Year Built
1945
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 16, 2024 | No longer available | - | |
No longer available | |||
Dec 22, 2023 | Relisted | $729,000 | |
Relisted | |||
Dec 1, 2023 | In contract | - | |
In contract | |||
Nov 14, 2023 | Price Decreased |
$759,000
↓ $20K
(2.6%)
|
|
Price Decreased | |||
Oct 26, 2023 | Price Decreased |
$779,000
↓ $20K
(2.5%)
|
|
Price Decreased |
Show More
Property Highlights
Air Conditioning
With View
Exterior Details
Exterior Information
Aluminum Siding
Metal
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/03/2021
|
|
Studio
|
-
|
2454 ft²
|
$379,000
Studio
-
2454 ft²
|
-
-
|
-
|
John Favro
Merrill L. Thomas, Inc.
|
Building Info
2807 Wilmington Road
2807 Wilmington Road, Lake Placid, NY 12946
- 1 Unit for Sale