Irving Lanes is a well-positioned 9-unit residential asset offering an outstanding 10.4% cap rate in the beautiful Saranac Lake area. This property holds significant potential for appreciation due to its prime location and can further increase in value through stabilization and a focus on furnished rentals. The demand for short-and mid-term rentals is high, particularly among professionals like travel nurses, given its proximity to one of the largest hospitals in the area, just minutes away. Saranac Lake’s status as a four-season resort town drives consistent rental demand, offering an affordable yet high-quality alternative to neighboring Lake Placid. This makes Irving Lanes an attractive investment for those looking to capitalize on both the growing local economy and the year-round influx of renters seeking convenient, quality and affordable housing options. Listing courtesy of Stacy Faunce, Licensed Real Estate Agent in New York, shared for promotional purposes with permission.