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24 Sumner Place, Saranac Lake, NY 12983

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For Sale

$325,000

3,396 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $95.70
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This well-maintained, income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others, or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including a new roof, high-efficiency boiler, and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!
MLS# 202172

Courtesy Of Engel & Volkers lake Placid Real Estate

(518) 523-4404

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Appliances
    Dishwasher, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Aluminum Siding
  • Heating System
    Hot Water
  • Lot Size
    0.27 Acres
  • Roof Type
    Metal
  • View Type
    Mountain

Map and Directions

Directions to 24 Sumner Place, Saranac Lake, NY 12983

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(843) 871-2121
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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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