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Listed by Timothy Winslow • CYC Realty Management Inc

$889,000

Est. payment - /mo

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10 Beds

6 Baths

6,378 SqFt

New

154 Milton Avenue Ballston Spa, NY 12020

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,378 sqft

Price per Sqft $139

MLS Listing ID 202621624

Bedrooms 10

Full Baths 4

Half Baths 2

HOA Y/N No

Year Built 1955

Annual Tax Amount $9,896

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Source Global MLS

Property Description

6 unit Mixed-Use building in the heart of downtown Ballston Spa. Street Level units are commercial use and fully rented. 4 residential units above. Two 3-bedroom and Two 2- bedroom units. 2nd Floor 3-bedroom unit is recently renovated and open for showings. Owner does not plan to rent open unit, perfect for Owner-Occupied Status. Open unit comps out at 2200/month if rented. All other units are rented. Excellent ROI and estimated to have positive cash flow with DSCR formula. Coin op laundry on premise. Individual electric meters for each unit. Commercial units have individual heating and cooling for each with tenant responsibility. Residential units utilize main boiler with individual thermostats per unit. Garage currently not rented but is ~$200/month extra. Off-street parking and private rear entrance. Sale contingent on owners finding a 1031 exchange property.

Location

State NY

County Saratoga

Direction North on Route 50 past building, Right on Van Buren, Right on access alley. Private driveway

Interior

Heating Baseboard, Electric, Forced Air, Hot Water, Zoned, Natural Gas

Exterior

Exterior Feature None

Garage Spaces 2.0

Utilities Available Cable Connected

Roof Type Flat

Building

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Ballston Spa

Others

Tax ID 414201 216.24-2-38

Special Listing Condition No Disclosures, Standard

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Nearby Locations

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Stefanie Waldron

+1(518) 522-1476