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Listed by Daniel Munn • High Rock Realty

$ 715,000

Est. payment | -/mo

9 Beds

7 Baths

4,506 SqFt

Save

$ 715,000

Est. payment | -/mo

Save

9 Beds

7 Baths

4,506 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,506 sqft

Price per Sqft $158

MLS Listing ID 202616647

Bedrooms 9

Full Baths 7

HOA Y/N No

Year Built 1890

Annual Tax Amount $12,200

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 94.58 x 105

Property Sub-Type Multi Family

Source Global MLS

Property Description

Rare 7-Unit investment gem in the heart of Ballston Spa. Discover a turnkey addition to your portfolio with this exceptional 7-unit multi-family property, perfectly positioned in the vibrant and historic village of Ballston Spa. Located within easy walking distance to local boutiques, popular eateries, and village festivals.
The building features a high-demand unit mix consisting of five spacious 1-bedroom apartments and two 2-bedroom units, producing a strong immediate cash flow with a monthly gross income of $8,630. Rest easy knowing the heavy lifting has been completed through substantial renovations over the last several years. Major infrastructure upgrades include a full electrical system overhaul, extensive plumbing updates, a new Navien high-efficiency boiler, and a power-vented hot water heater. The building's efficiency has been further enhanced with comprehensive insulation, air sealing, and a flat roof replacement.
Beyond the mechanicals, the property shines with renovated apartments, a coin-op laundry room, and upgraded front porch. The exterior boasts excellent curb appeal with updated walkways, a charming patio, and off-street parking. A garage on-site provides additional flexibility for one-car parking or potential additional income for tenant storge.
A complete list of renovations and financial documents are available for review. Please note that showing times are restricted to respect tenant privacy. Don't miss this rare opportunity to own a high-performing asset in one of Saratoga County's most desirable rental markets. Parking lot for 4 cars to the right of property, 2 more cars to the left. Priced to sell, serious investors only.

Location

State NY

County Saratoga

Zoning Commercial

Direction Milton Avenue (Route 50) in the village of Ballston Spa directly across from Firehouse.

Interior

Interior Features High Speed Internet

Heating Baseboard, Natural Gas

Flooring Vinyl, Hardwood, Laminate

Exterior

Exterior Feature None

Parking Features Off Street, Stone, Garage

Garage Spaces 1.0

Roof Type Rubber,Shingle,Asphalt

Porch Front Porch

Building

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Ballston Spa

Others

Tax ID 414201 203.80-2-1

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

328 Milton Avenue Ballston Spa, NY 12020