64-68 Chestnut St - Apartments FOR SALE


Lake George, NY 12845
$950,000 USD
518-307-7824
64-68 Chestnut St, Lake George, NY for Sale
$950,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

64-68 Chestnut St
Lake George, NY 12845


HIGHLIGHTS

  • 6 Cabins, 1,404 SF Main Home.
  • Walking Distance to LG Village

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

7

PRICE/UNIT

$135,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

07

APN/PARCEL ID

522289-251-018-0001-008-000-0000

ASK ABOUT THIS PROPERTY

Nic KetterRealize BrokersMore Info
518-307-7824

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Nic KetterRealize BrokersMore Info
518-307-7824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.