3,166 SqFt
3,166 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,166 sqft
Price per Sqft $88
MLS Listing ID 206372
Style Old Style
Construction Status Updated/Remodeled
Year Built 1920
Annual Tax Amount $4,805
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Triplex
Source Adirondack-Champlain Valley MLS
Property Description
Unit 1: 2 BR / 1 BA | Leased at $1,225/mo
Unit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity)
Unit 3: Studio | Month-to-Month at $600/mo
Total Gross Monthly Income: $2,325
With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.
Location
State NY
County Essex
Direction Take Route 9N to Main Street in Ausable Forks, then over the Jersey Bridge onto Sheldrake Rd and continue straight onto Broad Lane.
Rooms
Basement Full, Unfinished
Interior
Interior Features Apartment
Heating Electric, Oil
Cooling None
Flooring Luxury Vinyl, Varies, Wood
Appliance Electric Cooktop, Electric Oven, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Private Yard
Parking Features Off Street, On Site, Paved, Private
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Neighborhood
Roof Type Asphalt,Shingle
Street Surface Paved
Porch Front Porch
Road Frontage City Street
Garage No
Building
Lot Description Back Yard, Few Trees, Level
Story Two
Sewer Public Sewer
Water Public
Architectural Style Old Style
New Construction No
Construction Status Updated/Remodeled
Schools
School District Ausable Valley
Others
Senior Community No
Tax ID 7.84-2-7.000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Nearby Locations
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