551 Lake Avenue, Lake Luzerne, NY 12846 (MLS# 202322429)

Original List Price: 749900

List Price/Acres: 183300

Sold Price/Acres: 166333.33

Status: Closed

Property Sub Type: Multi Family

Sold Price: $499,000

Listing Contract Date: 2023-08-08

Current Price: $499,000

City/Town (Mail): Lake Luzerne

Street Number: 551

Street Name: Lake

Street Suffix: Avenue

County: Warren

State/Province: NY

Postal Code: 12846

Geo Lat: 43.340691

Geo Lon: -73.83824

Parking Y/N: Yes

Lot Size Square Feet: 130680

Zoning: Commercial

Lot Size Dimensions: 3 ac

Lot Size Acres: 3

Waterfront Y/N: No

Enhanced Accessible Y/N: No

Land Lease Y/N: No

Year Built: 1970

New Construction Y/N: No

Parcel Number: 292.15-1-12

Tax Annual Amount: 6497

Tax Section: 292.15

Total Taxes Description: Actual

Tax Block: 1

Tax Lot: 12

School District: Hadley Luzerne

Elementary School: Hadley-Luzerne

High School: Hadley-Luzerne

Association Y/N: No

Directions: Across from KOA in Lake Luzerne

Public Remarks: 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.

Septic Tank: 1

Apartment Plus: 1

Investment: 1

Housekeeping Cottages: 1

Motel: 1

Multiple Dwelling Unit: 1

Circuit Breakers: 1

General Taxes: 6497

General Taxes Description: Actual

Seller Financing: No

Window Unit(s): 1

Crawl Space: 1

Exterior Entry: 1

Full: 1

Slab: 1

Landscaped: 1

Level: 1

Road Frontage: 1

Fire Sprinkler System Y/N: No

Frame: 1

Shed(s): 1

Storm Door(s): 1

At Closing: 1

Rental: 1

Other: 1

Carpet: 1

Laminate: 1

Linoleum: 1

Call Listing Agent: 1

Pet(s) on Premises: 1

Restricted Days: 1

Restricted Hours: 1

Showing Service: 1

Standard: 1

Shingle: 1

Public: 1

Forced Air: 1

Hot Water: 1

Propane Tank Leased: 1

Parking Total: 18

Off Street: 1

Stone Parking Area: 1

Porch: 1

Pressure Treated Deck: 1

In Ground: 1

See Remarks: 1

Apartment Plus: 1

Hotel/Motel: 1

Investment: 1

Multi-Family: 1

Building & Land: 1

Carbon Monoxide Detector(s): 1

Smoke Detector(s): 1

Status Change Date: 2024-09-26

Sold Date: 2024-09-25

Sold Price: $499,000