Two family in mountain ski town
111 Averyville Ln Lake Placid , New York 12946
3 Bedrooms | 2 Bathrooms
1,564 Sq/Ft
3 Bedrooms | 2 Bathrooms
1,564 Sq/Ft
- Asking Price
- $525,000
- Financing Options
- Total Buyout
- People Needed To Purchase
- 10
- Potential return on investment (ROI)
- 13%
Property Description:
Well maintained log cabin with 2 separate living spaces in the Adirondack Park,. The lower level has a large living room and kitchenette, with 1 bedroom and 1 large bath. The upper level has 2 bedrooms and 1 bath with a cozy living room and kitchen. Each floor can be rented separately. The large lot is lovely with beautiful gardens. There is a very private deck off the back of the cabin. This home is 1 mile from Main Street. Vacation rental income is available. The perfect weekend cabin in the woods, or the perfect starter home. Close to bike, ski, and hiking trails. Close to downtown Lake Placid. Also, downstairs can be rented out as a separate apartment (it has a separate kitchen and bathroom).
Deal Description:
Ideally looking for around 12 people to split this deal. This is a two family in a popular ski resort town in upstate New York. Good chance the homes equity value will outpace the market due to its high cap rate.
Total Price: $525,000
$52,500 Raised out of $525,000
1
Unique
Contributors
$52,500
Minimum contribution
per person
10
People Required
For Purchase