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Listed by Nicholas Ketter • Realize Brokers

$ 899,000

Est. payment -/mo

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Active

64-68 Chestnut Street Lake George, NY 12845

9 Beds

7 Baths

4,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $199

MLS Listing ID 202514264

Bedrooms 9

Full Baths 7

HOA Y/N No

Year Built 1970

Annual Tax Amount $5,062

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Multi Family

Source Global MLS

Property Description

Six cabins and a single-family home within walking distance to Lake George Village! The 0.78-acre property consists of (6) 480 SF - 2 BR, 1 bath cabins and a 1,404 SF - 3 BR, 1 bath main home. The units are fully occupied with reliable long-term tenants providing stable cashflow and an attractive 8.7% cap rate. Excellent location with less than a 10 min walk to the village. Short-term rentals are not currently permitted. Site features public water, sewer, and natural gas. Financials available upon request.

Location

State NY

County Warren

Zoning Mixed

Direction I-87 exit 21, take US-9 north, left on McGillis Ave when you hit the village, left on Cooper St, property is immediately on right.

Interior

Heating Forced Air, Natural Gas

Flooring Hardwood, Laminate

Exterior

Exterior Feature None

Parking Features Driveway

Roof Type Metal

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Lake George

Others

Tax ID 522201 251.18-2-12

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=SERq1HqmRBB

Inglenook Realty, Inc.

Broker | License ID: 109931319

+1(518) 882-6236

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