This fully renovated 6-unit multifamily property offers a turnkey investment opportunity with 100% occupancy and stable cash flow. Originally built in 1880 and comprehensively renovated in 2021, the 5,392 sq ft complex sits on a 0.28-acre lot and comprises three buildings at 17, 19, and 21 Granite Street. The… Read More renovation included new siding, HVAC systems with central air, refinished and new flooring, all-new kitchens, bathrooms, lighting, paint, porches, and landscaping. Roofs were professionally coated. The property features a shared common lawn area and off-street parking. Value Proposition A rock-solid, low-maintenance investment tailored for 1031 exchange participants, portfolio expanders, or owner-occupants seeking hassle-free ownership in one of upstate New York's most desirable markets. Key features include a furnished single-family house (19 Granite) commanding premium rents, three separate structures diversifying risk, and comprehensive 2021 renovations ensuring turnkey readiness with minimal future capital requirements. Proximity to Skidmore College and downtown Broadway drives year-round tenant demand. Owner-Occupant Opportunity: Live in the furnished single-family house at 19 Granite while rental income from the remaining 5 units covers the mortgage--effectively living for free in downtown Saratoga Springs. Read Less
Courtesy of Brian Green (518-810-2895), eXp Realty.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Beds
12
Full Baths
6
Lot Size
0.28 Acres
Year Built
1880
MLS Number
202614995
30 Days Snapshot Of 12866
$875k
-14%
(avg) sold price
34
+36%
homes sold
152
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Unfinished"
Building
Architectural Style: "Traditional", Construction Materials: "Vinyl Siding", Living Area: 5,392, Number Of Units Total: 6, Year Built: 1880
Exterior Features
Features: "Other"
Heating
Heating: "Forced Air", Heating Included
Lot
0.28 acres, Area: 0.28, 12,197 square feet
Property
Parcel Number: 411501 165.43-1-31, Property Sub Type: Multi Family
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $19,641, Tax Lot: 31.000
Utilities
Water Source: "Public"
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