List Price: $300,000 | $51 per sq.ft. Commercial
Space type on Opechee Bay (AKA Lake Opechee) Under Contract Listed Wednesday Nov 6, 2024 | MLS# 5021334


Welcome to 736 Union Avenue, a conveniently located Lakes Region 10 unit rooming house. Most tenants have been here long-term. There are 3 1/2co-ed bathrooms, 2 shared kitchens, and optional basement or attic space that can be utilized for storage. Parking is on-street, some tenants have alternative parking arrangements. There is an opportunity for rental increase, all tenants are month-to-month and will remain in home upon closing. Utilities are included in the rent. Long-time owner has 2 in-house managers that keeps things running smoothly, collects rents for you, helps keep the communal areas clean, removes trash, and general overseeing of the property. This home is in a prime walkable area, located directly next to the WOW Trail and Railroad, Lake Opechee, and Downtown Lakeport. Tenants enjoy a small grassy backyard with view of the trail and lake, and two sitting area parks nearby. Near Paugus Bay, Lakeport Landing, Irwin's Marine, Fratello's, O's Steak and Seafood, Case n Keg, Main Street Social Club Ice Cream and much more. Come discover the charm of Downtown Lakeport, and the opportunity to invest in this community! Please allow 48 hours for showings. Call to schedule your showing today!
Building Type : Multi-Family

Sale Includes : Equipment | Building

Income
Net Income| 0
Gross Income| 73500
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1900
Wood Frame | Vinyl Siding
Price Per SQ.FT. 51.34 No. of Units: 10
Building Size : 5843
Building Type: Multi-Family

ExteriorRoof: Shingle - Asphalt

InteriorBasement: Dirt Floor | Stairs - Interior | Unfinished | Exterior Access | Stairs - Basement

Land Information

Lot size: 0.09 acres
Zoned: Urban Commercial
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 35
Garage And Parking: Off-Site | On Street
Road Frontage: 35
No. of Docks | 0.

UtilitiesHeating: Baseboard | Hot Water | Oil
Cooling: None
Electric: 200 Amp
Utilities: Cable - Available | Telephone Available
AC % | 0.



Docs Available : Deed | Property Disclosure | Tax Map | Town Approvals
Easement - Unknown
Taxes $4,890
Assesed Value Not Reported
Schools

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