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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26665366
26665367

16 Broad Lane, Au Sable Forks, NY 12912

Coldwell Banker Whitbeck
Coldwell Banker Whitbeck
Listed by Coldwell Banker Whitbeck
$280,000
283 days on market
Updated 26 days ago

16 Broad Lane

Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,166
Units 3
Year Built 1920
Acreage 0.200

Multifamily | 3 Units

Marketing description

Maximize your portfolio with this turnkey three-unit income property located in the strategic hub of AuSable Forks. Positioned just 20 minutes from Whiteface Mountain and 30 minutes from Lake Placid, this property offers a rare combination of immediate cash flow and significant appreciation potential. Unit 1: 2 BR / 1 BA | Leased at $1,225/mo Unit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity) Unit 3: Studio | Month-to-Month at $600/mo Total Gross Monthly Income: $2,325 With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and Ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.
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Listing Contacts

Coldwell Banker Whitbeck
Coldwell Banker Whitbeck
Listed by Coldwell Banker Whitbeck

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