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328 Milton Avenue

Ballston Spa, NY 12020

Pending

$715,000

Listing by:
Daniel Munn
High Rock Realty
518-281-4113

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.

$715,000
9.0
Bedrooms
7
Bathrooms
4,506
Sq. Ft.
$ 159
$/Sq. Ft.
0.20
Acres
Year Built:
1890
County:
Saratoga
School District:
Ballston Spa
Acres:
0.20
Listing Agent:
Daniel Munn
Listing Office:
High Rock Realty
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BUYER'S AGENT

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Features

Square Feet: 4,506
Town: Ballston Spa
Bedrooms: 9
Full Bathrooms: 7
Estimated Taxes: $12,200
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Natural Gas
Garage: 1
Property Style: Apartment 4 Plus Unit
Exterior: Aluminum Siding
Exterior Features: None
Parking Spaces: 6
Zoning: Commercial

Location



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