1057 State Hwy Saratoga Springs, NY 12866

This exceptional multifamily investment opportunity in Saratoga Springs, New York presents a compelling prospect for discerning investors. Located at 1057 State Hwy 9N, this property boasts a desirable location just a short distance from the vibrant downtown area, offering easy access to Saratoga Race Course, the casino, state parks, lakes, and surrounding mountains. The property comprises a three-story building constructed in 1953, situated on a 0.26-acre lot. It features two units, each valued at $167,500, resulting in a total asking price of $335,000. The property enjoys a strong 10.81% capitalization rate, indicating significant potential for return on investment. Long-term tenants are currently in place, providing immediate cash flow. Ample off-street parking is available for residents and guests. The property is well-maintained and presents an ideal opportunity for investors seeking a cash-flowing asset or those interested in owner-occupancy with rental income from the additional unit. The property's convenient location and strong tenant history make it a truly attractive investment. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving New York market. The property is located in Saratoga County, New York, with a zip code of 12866.