Description
6 unit Mixed-Use building in the heart of downtown Ballston Spa. Street Level units are commercial use and fully rented. 4 residential units above. Two 3-bedroom and Two 2- bedroom units. 2nd Floor 3-bedroom unit is recently renovated and open for showings. Owner does not plan to rent open unit, perfect for Owner-Occupied Status. Open unit comps out at 2200/month if rented. All other units are rented. Excellent ROI and estimated to have positive cash flow with DSCR formula. Coin op laundry on premise. Individual electric meters for each unit. Commercial units have individual heating and cooling for each with tenant responsibility. Residential units utilize main boiler with individual thermostats per unit. Garage currently not rented but is ~$200/month extra. Off-street parking and private rear entrance. Sale contingent on owners finding a 1031 exchange property.
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10BEDS
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0.22ACRES
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4BATHS
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21/2 BATHS
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6,378SQFT
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$139$/SQFT
Description
6 unit Mixed-Use building in the heart of downtown Ballston Spa. Street Level units are commercial use and fully rented. 4 residential units above. Two 3-bedroom and Two 2- bedroom units. 2nd Floor 3-bedroom unit is recently renovated and open for showings. Owner does not plan to rent open unit, perfect for Owner-Occupied Status. Open unit comps out at 2200/month if rented. All other units are rented. Excellent ROI and estimated to have positive cash flow with DSCR formula. Coin op laundry on premise. Individual electric meters for each unit. Commercial units have individual heating and cooling for each with tenant responsibility. Residential units utilize main boiler with individual thermostats per unit. Garage currently not rented but is ~$200/month extra. Off-street parking and private rear entrance. Sale contingent on owners finding a 1031 exchange property.
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