328 Milton Avenue

Ballston Spa NY 12020

4506 sq. ft.

8712 sq. ft.

Multi-Family

Currently for sale - view listing

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, serious investors only.

Features

9 bedrooms

7 bathrooms

6 carspaces

1 garage space

4506 sq. ft. floor area

8712 sq. ft. lot size

Multi-Family

Property history for 328 Milton Avenue

2008

Sold

$245,000

22 Oct 2008 by Theresa Bryant, of Elliott Property Services

Happy sellers in Ballston Spa

We have insufficient information to provide an overview of customer satisfaction for Ballston Spa. Viewing the agent profiles, reviews and sales for Ballston Spa can provide insights for this location.

Local market activity for 9 bedroom multi families in Ballston Spa

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Daniel Munn

at High Rock Realty

View listing

Sales:: (619) 566-0008

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