Prime Income-Generating Property in Lake Placid

This 1,800 sq. ft. well-built, multi-unit home offers exceptional potential in a sought-after Lake Placid location. Featuring 3 bedrooms and 3.5 baths, the property is currently configured as two separate apartments but can easily be converted back to a 3-unit building.

With three separate 200-amp electrical panels and individual electric water heaters, this home provides flexibility for future updates or expansion. Another exciting option is the potential to host short-term rentals.

Perfectly positioned near the new Adirondack Rail Trail, Jewtraw Park, and the Chubb River, outdoor recreation is at your doorstep. Plus, several popular restaurants are just a short walk away, adding to the appeal of this income-generating property.

Key Features:

• 1,800 sq. ft. multi-family home
• 3 Bedrooms, 3.5 Baths
• Set up for 2 apartments, convertible to 3 units
• 3 separate 200-amp breaker panels & electric water heaters
• Ideal for short-term rental or long-term housing
• Close to the Adirondack Rail Trail, parks, river paddling, and dining

A fantastic opportunity to create a high-performing investment property in Lake Placid’s strong long-term rental market!