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… Read More 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. Read Less
Courtesy of Daniel Munn (518-281-4113), High Rock Realty.
Listing Snapshot
Days Online
19
Last Updated
Property Type
Multi Family
Beds
9
Full Baths
7
Lot Size
0.2 Acres
Year Built
1890
MLS Number
202616647
30 Days Snapshot Of 12020
$461k
-8%
(avg) sold price
23
+130%
homes sold
98
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Partial"
Building
Architectural Style: "Apartment 4 Plus Unit", Construction Materials: "Aluminum Siding", Living Area: 4,506, Number Of Units Total: 7, Year Built: 1890
Expenses
Electric Expense: 4263, Insurance Expense: $3,700
Exterior Features
Features: "None", Patio And Porch Features: "Front Porch", Patio And Porch Features: "Front Porch"
Floors
Flooring: "Vinyl", "Hardwood", "Laminate"
Foundation
Foundation Details: "Stone"
Garage
1 garage space
Heating
Heating: "Baseboard", "Natural Gas", Heating Included
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