Cummings Road complex is a near new four unit vacation rental/use property located within a two minute walk of Main Street, Lake Placid.
9,000 square feet-superior construction-36” solid concrete walls; bamboo flooring; passive solar; in-floor radiant heating on all floors; every kitchen has a walk in pantry and granite counter tops; Apartment #1 & 4 are connected with a separate hallway making it possible to create a 6 bedroom rental unit; built-in dressers; wonderful light throughout this property with oversized windows allowing for distant mountain views;Private pergola; Parking for 10+ cars;
Units are as follows:
Apartment #1: 3,000 square feet; 4 bedrooms, 3 ½ baths, private entrance; use of the pergola and fire pit; Used as a vacation rental with a gross income of $60,000+-;
Apartment #2: 2,900 square feet; 4 bedrooms, 2 baths, currently rented on an annual basis for $2,000 per month;
Apartment #3: 1500 square feet; 2 bedrooms, 1 bath; owner occupied;
Apartment #4: 1500 square feet; 2 bedrooms, 1 bath with bonus room; owner occupied;
Sold
Bedrooms: 12
Bathrooms: 7.5
Square Footage: 9000
Lot Size: .42
Heat: In-floor radiant; propane; passive solar;
Floors: bamboo; tile; concrete
Roof: shingle
Siding: wood clapboard
Year Built: 2003
Total Taxes: $6900
Assessed Value: $450,000 (assessed before completed)
List Price: $995,000; some furnishings; all appliances included;