328 Milton Avenue, Ballston Spa, NY 12020

New - 10 Hours Ago
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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.

328 Milton Avenue | MLS# 202616647

This multi-family property located at 328 Milton Avenue, Ballston Spa, NY 12020 is currently listed for sale with an asking price of $715,000. Milton Avenue is located within the Ballston Spa school district. Search Ballston Spa real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Garage: 1
Heating: Baseboard, Natural Gas
Home Style: Apartment 4 Plus Unit
Lot Size: 0.20 Acres
Roof Type: Rubber, Shingle, Asphalt
Taxes: $12,200
Year Built: 1890

Feature Descriptions

Exterior: None
Exterior: Aluminum Siding
Flooring: Vinyl, Hardwood, Laminate
Foundation: Stone
Interior: High Speed Internet
Lot Dimensions: 94.58 x 105
Parcel #: 414201 203.80-2-1
Parking: Off Street, Stone, Garage
Parking Total: 6
Parking Total: 6
Patio/Porch: Front Porch
Security: Carbon Monoxide Detector(s)
Sewer: Public Sewer
Special View Info: Downtown
SQFT Above Grade Finished: 4506
Structures: Garage(s)
Water: Public

Local Schools

High School: Ballston Spa
School District: Ballston Spa

Estimate Your Payment

Estimated Payment

$ 2,816.49 per month $1,591.28 Principal & Interest $1,016.67 Property Tax $208.54 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: High Rock Realty
Agency Phone: 1 518-691-0669

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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