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    FOR SALE
    Apartment buildings

    328 Milton Ave Ballston Spa, NY 12020

    4,506 SF
    Property ID
    US63-5960465
    328 Milton Ave, Ballston Spa, NY 12020 For Sale 1 / 69
    $715,000 4,506 SF
    328 Milton Ave, Ballston Spa, NY 12020
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    Property summary
    AI-generated overview

    Awesome 7 unit investment property located in the heart of the vibrant and historic village of Ballston Spa. Walking distance to everything! Five 1 bedroom and two 2 bedroom units. After owner renovated 3 units in the past 2 years, rents increased $1825/month. With some updates on the remaining units, current rents could easily increase an additional $1250/month. ($15,000 annually) Aside from the 3 apartments, substantial renovations have been completed over the past several years to include some new windows, PEX plumbing, electrical system upgrade, insulation and air sealing, HE boiler, HW heater, new laundry room, front porch, flat roof replacement, walkways, etc. See documents for a complete list. Off street parking. Garage can be used as storage or 1 car. Restricted showing times.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 4,506 SF
    UPID US63-5960465
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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