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Tirol Apartments 2755 Main St 11 Unit Apartment Building $2,350,000 ($213,636/Unit) 6.02% Cap Rate Lake Placid, NY 12946
Executive Summary
Fantastic multifamily bldg right on Main St. walkable to anything. 11 units total, 7 of which have been totally renovated. 3 are short term rentals. Convert additional units and double or triple your money! Off street parking. Laundry rm in bldg. Financial sheet upon request. 2 car garage plus full shop included. Always full. Well maintained. Owner retiring. Great property!
Property Facts
| Price | $2,350,000 | Building Class | B |
| Price Per Unit | $213,636 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 6,500 SF |
| Cap Rate | 6.02% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | 07 | ||
| Price | $2,350,000 |
| Price Per Unit | $213,636 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | 07 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 2 | - | - |
| Studios | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 154001-042-207-0006-016-000-0000 | Improvements Assessment | $437,000 |
| Land Assessment | $98,100 | Total Assessment | $535,100 |
Property Taxes
Parcel Number
154001-042-207-0006-016-000-0000
Land Assessment
$98,100
Improvements Assessment
$437,000
Total Assessment
$535,100
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Tirol Apartments | 2755 Main St
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