551 Lake Avenue Lake Luzerne, NY $ 549,900
551 Lake Avenue
$ 549,900
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551 Lake Avenue

Lake Luzerne, NY, 12846
$ 549,900
Baths0.0

Monthly Estimate*

$ 3,655

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Studio

Commercial Property for sale in Lake Luzerne, NY

for $549,900. This building was built in 1970 on a lot size of 3.

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.

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Commercial Pending

Price

$ 549,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,497

Style

Multiple Dwelling Unit,Housekeeping Cottages

Lot Size

3

Year Built

1970

Town/City

Lake Luzerne

County/Region

Warren

MLS | Web ID

202322429

Features
General
Interior Features Other
Sewer Septic Tank
Heating Forced Air Hot Water Propane Tank Leased
Cooling Window Unit(s)
Roof Shingle
Zoning Commercial
Patio/Porch Features Porch Pressure Treated Deck
Architectural Style Multiple Dwelling Unit Housekeeping Cottages
Pool Features See Remarks In Ground
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Construction Materials Frame
Year Built 1970
Electric Circuit Breakers
Property SubType Multi Family
Current Use Apartment Plus Investment
Business Type Rental
County Warren
New Construction N
Property Type Commercial Sale
HOA / Comm Assn N
Attached Garage N
Possible Use Apartment Plus Hotel/Motel Investment Multi-Family
Other Structures Shed(s)
Status Pending
Buyer Financing Conventional
Directions Across from KOA in Lake Luzerne
High School Hadley-Luzerne
City Lake Luzerne
Buyer Agent Compensation 2.50
View Y/N N
High School District Hadley Luzerne
Lot Size Units Acres
Lot Size Square Feet 130680.0
Waterfront Y/N N
Carport Y/N N
Street Name Lake
Elementary School Hadley-Luzerne
Land Lease Y/N N
Tax Annual Amount 6497.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Standard Status Pending
Tax Assessed Value 0
Tax Lot 12
Buyer Agent Compensation Type %
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Interior
Basement Crawl Space Exterior Entry Full Slab
Flooring Carpet Laminate Linoleum
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Off Street Stone Parking Area
Lot Features Road Frontage Level Landscaped
Water Source Public
Total Parking 18.0
Inclusions {u'Building & Land': True}
Lot Size Area 3.0
Spa N
Lot Dimensions 3 ac
Lot Size Acres 3.0
Door Features Storm Door(s)
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 551
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* Excluded Features
List By
Sean Rogge

Listing Agent

Howard Hanna

Broker

(518) 307-8492

Phone

seanrogge@howardhanna.com

Email

Affordability Calculator

$4,196
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,655
Monthly Property Taxes
$541
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3061846 Elementary School
853308 Middle School
Hadley-Luzerne High School High School
Pricing History
DatePricePrice ChangeDescription
3/8/2024$549,900 -15.39% Price Down
8/28/2023$649,900 -13.34% Price Down
8/10/2023$749,900 Listed Price

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551 Lake Avenue, Lake Luzerne, NY, 12846 is a Commercial Property for sale at $549,900 with a lot size of 3. 551 Lake Avenue is a studio with 0.0 baths and was built in 1970. The property's zip code is 12846 which is in Lake Luzerne, NY