$210,000
Indian Lake, NY 12842
MLS# 202122521
Status: Closed
15 baths | 6690 sqft
1 / 31
Property Description
Investors and Owner/Operators take note! In the Adirondacks, this nicely maintained Indian Lake Motel & Apartment complex is now available for sale! Project includes 4 buildings, 15 total units, 11 Apartments ranging from Studio to two bedrooms, 4 Motel Units, Large landscaped 2+ Acre town lot, Public water and sewer, approved and subsidized by HUD, long term tenants with annual leases, large parking, 2 garages for storage, Outdoor Wood Furnace, nice grounds, turn key operation! Don't miss this one!
Details
Maps
Contract Information
Original List Price: 249000
Offered Lease/Sqft: 37.22
List Price/SqFt: 37.22
Sold Price/SqFt: 31.39
List Price/Acres: 124500
Sold Price/Acres: 105000
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $210,000
Listing Contract Date: 2021-07-01
Current Price: $210,000
Location
City/Town (Mail): Indian Lake
Street Number: 6179/6183
Street Name: STATE ROUTE 30
County: Hamilton
State/Province: NY
Postal Code: 12842
Geo Lat: 43.774771
Geo Lon: -74.264262
Property Detail
Stories: 1
Number Of Buildings: 5
Business Name: Indian Lake Motel/Apt
Parking Y/N: Yes
Lot Size Square Feet: 92347
Zoning: Commercial
Lot Size Dimensions: 525 x 200 x x
Lot Size Acres: 2
Building Area Total: 6690
Building Available SQFT: 6690
Main Road Frontage: 525
Waterfront Y/N: No
Water Body Name: Indian Lake
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Year Built: 1950
Bathrooms Total: 15
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 202600 65.007-2-35.1/35.2
Tax Annual Amount: 5029
Tax Section: 65.007
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 35.1/35.2
School District: Indian Lake
Association Y/N: No
Directions & Remarks
Directions: From Indian Lake Town center, south on Route 30 to 6179 Route 30 on the right.
Public Remarks: Investors and Owner/Operators take note! In the Adirondacks, this nicely maintained Indian Lake Motel & Apartment complex is now available for sale! Project includes 4 buildings, 15 total units, 11 Apartments ranging from Studio to two bedrooms, 4 Motel Units, Large landscaped 2+ Acre town lot, Public water and sewer, approved and subsidized by HUD, long term tenants with annual leases, large parking, 2 garages for storage, Outdoor Wood Furnace, nice grounds, turn key operation! Don't miss this one!
Sewer
Public Sewer: 1
Architectural Style
Apartments: 1
Motel: 1
Electric
Amps (Legacy): 100
Financial Details
Full Market Assessment: 317500
Seller Financing: No
Cooling
Window Unit(s): 1
Basement
Crawl Space: 1
Building Detail
Railroad Siding Y/N: State Maint. Hwy,Town Road
Office Total SQFT: 150
Office Available SQFT: 150
Retail Available SQFT: 0
Warehouse Available SQFT: 0
Restrictions: APA
Construction Materials
Frame: 1
Construction Materials (Legacy): Wood
Possession
At Closing: 1
Possession (Legacy): At Closing
Exterior Features
Outdoor Furnace: 1
Road Frontage Type
State Road: 1
Town Road: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
No Sign: 1
Showing Service: 1
Special Listing Conditions
No Disclosures: 1
Ownership: No Special Conditions,No Disclosures
Standard: 1
Roof
Metal: 1
Water Source
Public: 1
Foundation Details
Block: 1
Slab: 1
Waterfront Features
None: 1
Heating
Baseboard: 1
Space Heater: 1
Wood: 1
Heat Systems (Legacy): Hot Air
Miscellaneous
Office Space: 1
Parking Features
Parking Total: 25
Attached: 1
Detached: 1
Gravel: 1
Private: 1
Possible Use
Apartment Plus: 1
Hotel/Motel: 1
Status Change Info
Status Change Date: 2021-12-16
Under Contract Date: 2021-10-05
Sold Date: 2021-10-29
Sold Price: $210,000
Property Features
Architectural Style: Apartments; Motel
Basement: Crawl Space
Construction Materials: Frame
Cooling: Window Unit(s)
Exterior Features: Outdoor Furnace
Foundation Details: Block; Slab
Heating: Baseboard; Space Heater; Wood
Miscellaneous: Office Space
Parking Features: Attached; Detached; Gravel; Private
Possession: At Closing
Possible Use: Apartment Plus; Hotel/Motel
Road Frontage Type: State Road; Town Road
Roof: Metal
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent; No Sign; Showing Service
Special Listing Conditions: No Disclosures; Standard
Water Source: Public
Waterfront Features: None
Listing Courtesy of Howard Hanna
Listing Agent: Allen VanHoff
518-441-2640 | avanhoff@gmail.com
518-441-2640 | avanhoff@gmail.com
