165 Ward St Montgomery, NY 12549-1112

This exceptional multi-use property at 165 Ward Street in the Village of Montgomery, NY, presents a compelling investment opportunity. Boasting a 9.5% cap rate, the building offers 2,314 square feet on a 0.12-acre lot. The prime location on Route 17K (Ward Street) ensures high visibility and significant traffic flow. The ground floor features a well-established commercial space currently operating as a spa, providing immediate income potential. Upstairs, a completely renovated two-bedroom apartment offers additional revenue streams. This meticulously updated residential unit includes a custom kitchen, a tiled bathroom, new carpeting, fresh paint, and convenient in-unit washer/dryer hookups. The combination of a thriving commercial space and a modern, income-producing apartment makes this a truly versatile and attractive investment. The property's strong location and high cap rate make it an ideal asset for investors seeking a stable and profitable return. This is a rare opportunity to acquire a flexible property in a desirable area with significant upside potential. The building's current configuration and location offer a strong foundation for continued success and potential future expansion. The asking price is $495,000.