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5732 NY-86 5 Unit Apartment Building $380,000 ($76,000/Unit) Wilmington, NY 12997
INVESTMENT HIGHLIGHTS
- Waterfront
- Scenic Views
- Walkability
EXECUTIVE SUMMARY
5-unit multifamily property alongside the Ausable River in Wilmington. Prime location in the Adirondacks – 15 minutes to Lake Placid and 5 minutes to Whiteface Mountain Ski Resort. Unit 1: 1 bed / 1 bath leased at $875/month. Unit 2: 1 bed / 1 bath leased at $850/month. Unit 3: 1 bed / 1 bath leased at $950/month. Unit 4: 1 bed / 1 bath leased at $900/month. Unit 5: Single Family Home 1 bed / 1 bath leased at $950/month. Gross Monthly Income: $4,525. Separately metered utilities. Approximately 150 feet of river frontage.
PROPERTY FACTS
| Price | $380,000 | Building Class | C |
| Price Per Unit | $76,000 | Lot Size | 1.02 AC |
| Sale Type | Investment | Building Size | 7,397 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1935/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family | ||
| Price | $380,000 |
| Price Per Unit | $76,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 7,397 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2017 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $925.00 | 600 - 700 |
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PROPERTY TAXES
| Parcel Number | 155400-026-006-0005-012-000-0000 | Improvements Assessment | $381,900 |
| Land Assessment | $50,200 | Total Assessment | $432,100 |
PROPERTY TAXES
Parcel Number
155400-026-006-0005-012-000-0000
Land Assessment
$50,200
Improvements Assessment
$381,900
Total Assessment
$432,100
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5732 NY-86
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