328 Milton Ave - Apartments FOR SALE


Ballston Spa, NY 12020
$715,000 USD
518-281-4113
328 Milton Ave, Ballston Spa, NY for Sale
$715,000 USD
Apartments - FOR SALE
1/50
null | Request Cap Rate

328 Milton Ave
Ballston Spa, NY 12020


HIGHLIGHTS

  • Great location in village of Ballston Spa

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

7

PRICE/UNIT

$102,143

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CBD

APN/PARCEL ID

414201-203-080-0002-001-000-0000

ASK ABOUT THIS PROPERTY

Daniel MunnHigh Rock RealtyMore Info
518-281-4113

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Daniel MunnHigh Rock RealtyMore Info
518-281-4113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.