551 Lake Avenue

Lake Luzerne, NY 12846

$549,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Sean Rogge • Howard Hanna

Property Details for 551 Lake Avenue

Architectural Style
Multiple Dwelling Unit, Housekeeping Cottages
Zoning
Commercial
Waterfront
No
Parking Total
18.00

Location

Listing Courtesy of Howard Hanna
Add your commute
LISTING UPDATED: 03/08/2024 12:57 PM

Property Details for 551 Lake Avenue

StatusActive
MLS #202322429
Days on Market162
Taxes$6,497 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1970
Lot Size3.00 AC / 130,680 SF
CountyWarren County

Location

Listing Courtesy of Howard Hanna
Add your commute

Building Information for 551 Lake Avenue

Stories-Residences-Year Built1970Building Size-Lot Size3.00 AC / 130,680 SF

Payment Calculator

$3,542 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,001

Property Taxes

$541

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 551 Lake Avenue

Summary
Location and General Information
  • Postal City: Lake Luzerne
  • Directions: Across from KOA in Lake Luzerne
  • City: Lake Luzerne
  • State Or Province: NY
  • Postal Code: 12846
  • County Or Parish: Warren
  • Latitude: 43.34
  • Longitude: -73.84
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 12
  • Tax Block: 1
  • Parcel Number: 292.15-1-12
  • Tax Tract: 292.15
  • Tax Annual Amount: $6,497.00
Parking
  • Attached Garage: No
  • Parking Features: Off Street, Stone Parking Area
School Information
  • School District: Hadley Luzerne
  • High School: Hadley-Luzerne
  • Elementary School: Hadley-Luzerne
Property
Property and Assessments
  • Documents Available: LNF
  • Property Type: D
  • Property Type Label: Commercial Sale
  • Current Use: Apartment Plus, Investment
Lot Information
  • Lot Features: Road Frontage, Level, Landscaped
  • Year Built: 1970
  • Lot Size Dimensions: 3 ac
  • New Construction: No
  • Lot Size Acres: 3.0
  • Lot Size Area: 3.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 130680.0
Building Information
  • Business Type: Rental
  • Possible Use : Apartment Plus: Yes
Utilities
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Pool: See Remarks, In Ground
  • Patio And Porch Features: Porch, Pressure Treated Deck
  • Other Structures: Shed(s)
Interior Features
  • Interior Features: Other
  • Heating: Forced Air, Hot Water, Propane Tank Leased
  • Roof: Shingle
  • Flooring: Carpet, Laminate, Linoleum
  • Electric: Circuit Breakers
  • Basement: Crawl Space, Exterior Entry, Full, Slab
  • Construction Materials: Frame
  • Cooling: Window Unit(s)
  • Door Features: Storm Door(s)
  • Cooling: Yes
  • Heating: Yes
  • Building Detail : Fire Sprinkler System YN: No
Room Information
Bathrooms
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
Rental
Rental Information
  • Land Lease: No

Property History for 551 Lake Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 551 Lake Avenue

Taxable ValueLand$38,000Additions$287,000Total$325,000
Home Facts
Baths3Total Finished SqFt2,504 SqFtAbove Grade Finished SqFt2,504 SqFtStories1Lot Size130,680 SqFtStyleHotel / MotelYear Built1970ZoningR-RECountyWARRENAPN523200 292.15-1-12

Schools near 551 Lake Avenue

This home is within Hadley-Luzerne Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Stuart M Townsend Middle School
PublicPK to 6

Hadley Luzerne High School
Public7 to 12

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.

Similar Homes

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551 Lake Avenue is a multi-family home for sale in Lake Luzerne, NY 12846. This property was listed for sale on August 8, 2023 by Howard Hanna, it's currently listed at $549,900. It has been on the market for a total of 162 days and was last sold on May 28, 2009. This listing's school district is Hadley-Luzerne Central School District. Nearby schools include Stuart M Townsend Middle School and Hadley Luzerne High School. 551 Lake Avenue is a 0-bed, 0-bath, multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna

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