NOT LISTED FOR SALE

64 Shepard Ave Saranac Lake, NY 12983

7 Beds
5 Baths
6,068 Sq Ft
0.3 Acres

Last Sold February 26, 2024

Last sale price $385,000 $63 Per Sq Ft

Highlights

  • Neighborhood Views
  • Double Pane Windows
  • Wood Siding
  • Skylights
  • High Speed Internet
  • Heating System Uses Oil

About This Home

As of February 2024

Don't miss out on this exceptional investment opportunity! Presenting a meticulously maintained 5-unit apartment building in Saranac Lake. This property boasts four spacious 1-bedroom apartments and a desirable 2-bedroom apartment, with partial mountain range and lake views. Not only does this building offer ample parking for residents, but it also provides the convenience of shared laundry facilities and a generously sized basement. The rental rates are attractive, and the property comes with established tenants, ensuring a steady income stream. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. Whether you're an experienced investor or a newcomer to the market, this investment opportunity is too good to overlook. Take advantage of this excellent investment and secure your future in the thriving Saranac Lake real estate market.

Last Agent to Sell the Property

Kelsey Cassidy

Merrill L. Thomas, Inc. License #10401313056 Listed on: 06/30/2023

Last Buyer's Agent

Kelsey Cassidy

Merrill L. Thomas, Inc. License #10401313056 Listed on: 06/30/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.3 Acre Lot
  • Dirt Road

Home Design

  • Stone Foundation
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 6,068 Sq Ft Home
  • Skylights
  • Double Pane Windows
  • Neighborhood Views
  • Gas Range
  • Unfinished Basement

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • 5 Open Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • No Cooling
  • Heating System Uses Oil
  • 200+ Amp Service
  • Oil Water Heater
  • High Speed Internet
  • Internet Available

Community Details

  • 1 Separate Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 32.198-1-27.000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Road Surface Type: Dirt
  • Subdivision Name: None
  • Directions: From River St. take Shepard Ave. Property is located on the right. 64 Shepard Ave.
  • Year Built: 1925
  • Appliances Dryer: Yes
  • Washers: Yes
  • Appliances Refrigerators: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Gas Range, Oil Water Heater, Refrigerator, Washer
  • Has Basement: Unfinished
  • Interior Amenities: Apartment, High Speed Internet
  • Window Features: Double Pane Windows, Single Pane Windows, Skylight(s)
  • Appliances:Gas Range: Yes
  • Basement:Unfinished: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Apartment2: Yes
  • Appliances:Oil Water Heater: Yes

Exterior Features

  • View: Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Stone
  • Roof: Tile
  • Construction Materials:Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Features:Lighting: Yes
  • Window Features:Skylight(s): Yes
  • Window Features:Single Pane Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
  • Parking Features: No Garage
  • Parking Features:No Garage: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Utilities: Internet Available, Sewer Connected, Water Connected
  • Heating:Oil: Yes

Schools

  • Junior High Dist: Saranac Lake

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 32.198-1-27.000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Leased: 4
  • Number Of Separate Gas Meters: 1

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $385,000 -9.4% $63 / Sq Ft
10/10/2023 10/10/23 Price Changed $425,000 -19.0% $70 / Sq Ft
06/30/2023 06/30/23 For Sale $525,000 -- $87 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
Source: Adirondack-Champlain Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kelsey Cassidy

    Seller's Agent in 2024

    Kelsey Cassidy

    Merrill L. Thomas, Inc.

    (518) 524-7373

    14 in this area

    51 Total Sales

    Kelsey Cassidy
    Section Image

  • B

    Buyer Co-Listing Agent in 2024

    Blythe Niles-Linster

    Engel & Volkers Lake Placid Real Estate

    (914) 588-1316

    23 in this area

    86 Total Sales

    Blythe Niles-Linster
    Section Image
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Map

Source: Adirondack-Champlain Valley MLS

MLS Number: 179169

New York Essex County Saranac Lake 12983

64 Shepard Ave, Saranac Lake, NY

This home is located at 64 Shepard Ave, Saranac Lake, NY 12983 since 30 June 2023. This property was built in 1925. 64 Shepard Ave is a home located in Essex County with nearby schools including Saranac Lake Senior High School, Northern Lights School, and St. Bernard's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

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