48 Old Lake Colby

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Address: 48 Old Lake Colby Rd, Saranac Lake, NY 12983, USA

New York & Tri-State + 2-4 Units

Created date: January 11, 2025

Date last updated: January 14, 2025

Property Description

Stunning stately 1920's home situated at the crest of a hill over looking the wooded area toward Lake Colby beach. The Main home used to be a two until but currently is used as a 5 bedroom 2.5 baths. It has a beautiful stone fireplace, with high beamed ceilings and lovely archways separating the rooms. The kitchen still remains on the second floor, so it could easily be converted back to a rental unit for a total of 4 units. The back 2 story unit has 2/one bedroom apartments on month to month leases which rent for $450 each, with tenants paying their own elec. and propane heat. What a great opportunity to own a large family home and have income to help pay the mortgage taxes and maintenance. A short distance to the rail trail, the beach and downtown Saranac Lake. Just minutes to AMC if you want to be close to work.

Available

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Broker Details

Lisa McKenna

Engel & Volkers lake Placid Real Estate (518) 523-4404 MLS ID: 18_38

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$495,000
No. of Units:	3
Year Built:	1920
Lot Size:	2,300.00 Sq ft
Opportunity Zone:	No
Price per unit:	$165,000
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 48 Old Lake Colby, Saranac Lake, NY 12983, USA

Provided by:

Standard Status: Active

MLS Listing Number: 203742
ID: 3yd-ACVMLSNY-203742

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