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Lake Placid Multifamily

Below, search all multifamily homes for sale in Lake Placid, NY. Though there are not many usually on the market, so the available multifamily properties are highly saught after. Buyers will find apartment buildings as well as smaller, in-home units. If you're looking for an investment property in Lake Placid, this is the place to find it!

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Please feel free to get in touch with the local realtors at Whitbeck Associates with any questions and to schedule a tour for any home below.

5970-76 Sentinel Road, Lake Placid, NY

Price$1,175,000The price has recently decreased

Est. Mortgage: $/month

MLS Number 156345

  • MultiFamily Multi-Family
  • Year Built 1940

Calling all smart investors with vision for future development - this rare offering consists of 3 store fronts and 22 studio/1bdrm apartments, a cottage + additional building parcel approved for 18 more apartments in 3 buildings-see Conceptual Site Plan in Documents! Add to this high traffic location with excellent exposure on one of the main entrances to Lake Placid on Rte. 73, and you will agree - the possibilities for commercial/retail/ multifamily/residential expansion/growth are many! Apartments stay occupied, current monthly income is approximately $16,000 (per seller). On Lake Placid free shuttle route, in walking distance to all the main attractions **Owner financing possible**

Listed by Engel & Volkers Lake Placid Real Estate

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Coldwell Banker Whitbeck Associates
20 Miller Street
Plattsburgh NY, 12901
Office: 518-562-9999

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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-11-02

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