5732&5734 NYS Route 86 Wilmington, NY 12997
3,104 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,104 sqft
Price per Sqft $122
MLS Listing ID 206376
Year Built 1935
Annual Tax Amount $6,612
Lot Size 1.010 Acres
Acres 1.01
Property Sub-Type Multi Family
Source Adirondack-Champlain Valley MLS
Property Description
Investment Highlights:
Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road.
Diverse Asset Mix: Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental.
Separately Metered: Utilities are independent per unit, optimizing operational overhead.
Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market.
For the investor looking to capitalize on the Adirondack tourism boom, this riverfront property offers the rare combination of high-demand location and versatile development potential.
Location
State NY
County Essex
Zoning Mixed
Body of Water Ausable River
Rooms
Basement Full, Partially Finished, Storage Space, Unfinished, Walk-Out Access
Interior
Interior Features Apartment
Heating Electric, Propane
Flooring Carpet, Laminate, Luxury Vinyl, Varies, Wood
Appliance Electric Cooktop, Electric Oven, Refrigerator
Exterior
Exterior Feature Awning(s), Balcony, Dock, Garden, Private Yard
Parking Features Off Street, On Site, Private
Utilities Available Electricity Connected, Water Connected, Propane
Waterfront Description River Access
View River
Roof Type Asphalt,Shingle
Street Surface Paved
Road Frontage State Road
Total Parking Spaces 10
Garage No
Building
Sewer Septic Tank
Water Public
Structure Type Wood Siding
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 26.6-5-12.000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional