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14217 Nys Route 9N Au Sable Forks, NY 12912

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For Sale
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Well-maintained 9-unit multifamily portfolio in the heart of AuSable Forks.

Property size:
7,326 SF
Lot size:
0.30 Acres

Property Features for 14217 Nys Route 9N

General Information

Standard status
Active
Size
7,326 SF
Lot size
0.30 Acres

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Listing Contact
Pj Whitbeck
Source: Crexi

Listing Agency: Coldwell Banker Whitbeck Listing Agent: Pj Whitbeck

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

High-Performing Multifamily Portfolio in Ausable Forks

This is an exceptional opportunity to acquire a high-performing 9-unit multi-family portfolio in the heart of AuSable Forks. The package consists of two well-maintained, neighboring buildings being sold together. The property offers immediate scale and a gross monthly income of $8,925. The unit mix is diverse, featuring one 3-bedroom unit, three 2-bedroom units, four 1-bedroom units, and one studio unit. The units are separately metered for utilities. There is ample off-street parking available. The property has a high-occupancy history and is within walking distance to local amenities, including coffee shops, bars, and restaurants, ensuring high tenant retention. The property is situated 20 minutes from Whiteface Ski Resort and 30 minutes from Lake Placid and Plattsburgh, making it prime for workforce or recreational housing. With a strong day-one cap rate and a location central to the Adirondack High Peaks region, this is an ideal addition for the sophisticated commercial investor. The property size is 7,326 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Au Sable Forks
County
Clinton
State
New York
Longitude
-73.682019
Latitude
44.431822

FAQs

What type of property is this?
Apartment building - Well-maintained 9-unit multifamily portfolio in the heart of AuSable Forks.
Where is this apartment building located?
The property is located at 14217 Nys Route 9N Au Sable Forks, NY.
What are key features of this property?
This property features: - High-Performing 9-Unit Multi-Family Portfolio with Immediate Scale; - Strategic Location: just 20 minutes from Whiteface Ski Resort, and 30 minutes from Lake Placid and Plattsburgh; - Strong Day-One Cap Rate
More about this property
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