Sold
Last Sold Price
11 beds4,800 sqft
1081 Springfield Rd, Wilmington, NY 12997
Single FamilyProperty Type
1.7 acresLot Size
1991Year Built
$43/sq ftPrice per sq ft
8 carsParking Spaces

Description

This is an excellent investment opportunity to purchase this five unit apartment home and to increase rents to current market rents for an annual in excess of $40,000 There is a large backyard, level with woods on the perimeter, very private, and many of the units have decks. There are two separate areas for ample parking of over 8 cars. Tenants pay their own utilities, and all apartments are on a month to month lease. The seller has allowed below market rents for the tenants that have remained for...This is an excellent investment opportunity to purchase this five unit apartment home and to increase rents to current market rents for an annual in excess of $40,000 There is a large backyard, level with woods on the perimeter, very private, and many of the units have decks. There are two separate areas for ample parking of over 8 cars. Tenants pay their own utilities, and all apartments are on a month to month lease. The seller has allowed below market rents for the tenants that have remained for many years which can be increased with a months notice. Outdoor storage shed for lawn equipment.
Listing closed: 11/18/2020 12:00 AM • Source: Adirondack-Champlain Valley MLS, MLS#: 159027

Location

Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService

Sold By B.A. Straight Real Estate

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Payment Calculator

$1,475 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,059

Property Taxes

$415

HOA Dues

$0

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Property Information for 1081 Springfield Road

Property Details
  • Taxes: $4,982 / year
  • MLS Type: Residential Income
  • County: Essex County
  • Has View: Yes
  • View: Neighborhood, Trees/Woods
  • Has Waterfront: No
  • Zoning: Residential
Building Information
  • Year Built: 1991
  • Lot Size: 1.70 AC / 74,052 SF
Summary
Location and General Information
  • Directions: Springfield Road # 1081
  • Latitude: 44.38344335
  • Longitude: -73.81919126
  • MLS Area Major: Jay, Wilmington
  • MLS Area Minor: Jay, Wilmington
  • Senior Community: No
  • Township: Wilmington
Taxes and HOA
  • Parcel Number: 26.6-5-42.000
  • Tax Annual Amount: $4,982.00
  • Tax Assessed Value: 292200
School Information
  • High School District: Lake Placid
Parking
  • Open Parking Spaces: 8.0
  • Parking Features: Deck, Driveway, No Garage
Property
Lot Information
  • Lot Features: Wooded, Few Trees, Level, Many Trees
  • Lot Size Acres: 1.7
  • Lot Size Area: 1.7
  • Lot Size Dimensions: 1.70
  • Lot Size Square Feet: 74052.0
  • Lot Size Units: Acres
Property and Assessments
  • Building Area Total: 4800.0
  • Property Type: Residential Income
  • Year Built: 1991
Building Features
  • Other Structures: Shed(s), Barn(s), Outbuilding
  • Construction Materials: Wood Siding
  • Roof: Composition
Utilities
  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting, Storage
Interior Features
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Unfinished
  • Has Basement: Yes
  • Has Cooling: No
  • Heating: Baseboard, Electric, Hot Water, Oil, Wood Stove
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Interior Features: High Speed Internet
  • Water Heater: Electric
  • Window Features: Insulated Windows, Wood Frames
Multi Family
Multi Family Information
  • Number Of Units Leased: 5

Property History for 1081 Springfield Road

DateEvent & SourcePriceAppreciation
Nov 18, 2020

Sold

Adirondack-Champlain Valley MLS #159027

$205,000
Sep 22, 2020

Pending

Adirondack-Champlain Valley MLS #159027

Apr 14, 2017

Listed (Active)

Adirondack-Champlain Valley MLS #159027

$285,000
DateEvent & SourcePrice
11/18/2020

Sold

Adirondack-Champlain Valley MLS #159027

$205,000
09/22/2020

Pending

Adirondack-Champlain Valley MLS #159027

04/14/2017

Listed (Active)

Adirondack-Champlain Valley MLS #159027

$285,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1081 Springfield Road

This home is within Lake Placid Central School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Private - K to 11
Rating
School
Distance
Lake Placid Elementary School
PublicK to 5

Lake Placid Junior Senior High School
Public6 to 12

Adirondack Christian School
PrivateK to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService

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