328 Milton Avenue, Ballston Spa, NY 12020 | MLS #202616647 | HUNT Real Estate
 
  • 54 days on site
  • 1 views

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.

Source: Global MLS, MLS#: 202616647

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    0.20 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

HUNT Real Estate
I agree to be contacted by HUNT Real Estate Corporation via call, email, and/or text for real estate services, even if my phone number is listed on a state or national Do Not Call list. Data will not be shared with third parties for marketing or promotional purposes. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. View HUNT Real Estate ERA's privacy policy here: https://www.huntrealestate.com/Privacy-Policy

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    43
  • Population Density
    424
  • College Educated
    50%
  • Estimated Median Income
    $84,403
  • Estimated Total Home Owners
    10,404
  • Estimated Total Renters
    3,684
  • Owner / Renter Divide
    74% / 26%
  • Estimated Average Household Size
    2
  • Total Population
    33,235
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Want to talk? Contact us here.