Details
- Bathrooms: 0
- Status: Active
- Lot size, acres: 1.01 acres
- Category: Residential Income
- Type: Quadruplex
- Year built: 1935
- Lot Size Acres: 1.01 acres
- Zoning: Mixed
- County: Essex
- MLS ID: 206377
Description
- Description:
Secure a high-occupancy residential asset in the Adirondacks' most sought-after recreation corridor. This 5-unit multi-family property in Wilmington offers a unique lifestyle draw for tenants: private river access paired with a location only 5 minutes from the base of Whiteface Mountain.
Property Breakdown:
Composition: (4) 1BR/1BA apartments plus (1) 1BR/1BA detached single-family residence.
Total Gross Income: $4,525 per month.
Owner-Friendly Mechanics: All units feature separately metered utilities, keeping owner expenses predictable and low.
The 'Wilmington Edge': Demand in this area is driven by its 15-minute proximity to Lake Placid and its status as a mountain biking and skiing mecca.
Whether you are looking for a stable long-term hold or a 'house-hack' where you live in the riverfront cottage while the four units pay your mortgage, 5732-5734 NYS Rte 86 is a rare find in a supply-constrained market.
Interior Details
- Basement: Full, Partially finished, Storage Space, Unfinished, Walk-Out Access
Location
- View: River
- WaterBodyName: Ausable River
Building & Construction
- Building Area Total: 3569 sq ft
- Number Of Units Total: 5
- Construction Materials: Wood Siding
- Sewer: Septic Tank
- Heating: Electric, Propane
- Roof: Asphalt, Shingle
Amenities & Features
- Flooring: Carpet, Laminate, Luxury Vinyl, Varies, Wood
- Utilities: Electricity Connected, Water Connected, Propane
- Parking Features: Off Street, On Site, Private
- Waterfront Features: River Access
- Garage Spaces: 0
- WaterSource: Public
- Appliances: Electric Cooktop, Electric Oven, Refrigerator
- Interior Features: Apartment
- Lot Features: Back Yard, City Lot, Few Trees, Garden, Views, Waterfront
- Patio And Porch Features: Patio, Porch
- Exterior Features: Balcony, Dock, Garden, Private Yard
Fees & Taxes
- Tax Assessed Value: $432,110
- Gross Income: $54,900
School Information
- High School District: Lake Placid
Miscellaneous
- Road Surface Type: Paved
- Owner Pays: Insurance, Snow Removal, Taxes, Water
- Tenant Pays: All Utilities
Courtesy of
- List Office Name: Coldwell Banker Whitbeck Assoc-Saranac Lake