5732&5734 NYS Route 86, Wilmington, NY 12997
Wilmington, NY 12997
******** Full Bath, ******** partial baths | Residential Income
43995.6
sq ft, lot: 1.01 Acres
MLS# 206377
$380,000.00
FOR SALE
DESCRIPTION
Secure a high-occupancy residential asset in the Adirondacks' most sought-after recreation corridor. This 5-unit multi-family property in Wilmington offers a unique lifestyle draw for tenants: private river access paired with a location only 5 minutes from the base of Whiteface Mountain. Property Breakdown: Composition: (4) 1BR/1BA apartments plus (1) 1BR/1BA detached single-family residence. Total Gross Income: $4,525 per month. Owner-Friendly Mechanics: All units feature separately metered utilities, keeping owner expenses predictable and low. The 'Wilmington Edge': Demand in this area is driven by its 15-minute proximity to Lake Placid and its status as a mountain biking and skiing mecca. Whether you are looking for a stable long-term hold or a 'house-hack' where you live in the riverfront cottage while the four units pay your mortgage, 5732-5734 NYS Rte 86 is a rare find in a supply-constrained market.
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Courtesy of : Coldwell Banker Whitbeck Assoc-Saranac Lake Email: ******** |
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