37 Water St

In the heart of the magnificent Adirondack Mountains, rated equivalent to the size of Vermont for preserved natural beauty, rests an exquisite 9 unit complex offering the ultimate residual and passive investing opportunity. This property isn't just a space, but a vision waiting for your personal touch to be unfolded. Imagine the potential! Six of the nine units are poised for refurbishing, each ideally designed with a full restroom and kitchen. The prospects are promising, be it getting involved in roof, foundation, or drywall repairs, or allowing your imagination to take charge and build to suit your preferences. Elegantly capturing the spirit of an organic blend of style meets comfort, three of these units, including the master suite, are up and running, nestled in a handsome brown building divergent in majesty. The property keeps convenience in check, offering ground-floor as well as second-floor units, ensuring a match for every preference. Accommodating hospitality and leisure, a covered carport and an expansive two-part indoor workshop area make for additional treasures. The set of ready-to-live units aren't just functional but come furnished with the essentials, allowing for a seamless move. From well-stocked kitchen inclusions like pots and pans, refrigerator, range, microwave to artful pieces of furniture, these homes are waiting to welcome their residents. Extra amenity inclusions such as a washer and a dryer in the Master unit, window AC units in the other two homes, and an additional refrigerator in the workshop are just cherries on top. Create an experience that lasts, with your units opening their doors to outdoor enthusiasts seeking the thrill of adventure, from hikers aiming to conquer the 46 mighty mountain peaks of Adirondack to thrill-seekers chasing skiing, snowboarding, paddle-boarding, mountain and road biking, hunting, fishing, and more. Additionally, enjoy the bustling social scene brought by Lake Placid and Saranac Lake's year-round festivals, sporting events, and annual landmarks. This former rental property stands to bring high potential revenue with short or long-term leases catering to the extensive generation who values experiencing over owning. A Pandora's box of potential awaits as you snap this up and put your seal on it, crafting a true lifestyle kingdom that reflects your vision. Get ready to step into an investment opportunity that's equally an adventurer's paradise, a designer’s canvas, and an investor's dream nestled in the vast beauty of the Adirondack Mountainous terrain. Own it, and make the magic happen!