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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Ballston Spa is located in New York. Ballston Spa, New York has a population of 5,510. Ballston Spa is more family-centric than the surrounding county with 35.08% of the households containing married families with children. The county average for households married with children is 31.73%.
The median household income in Ballston Spa, New York is $73,993. The median household income for the surrounding county is $90,800 compared to the national median of $69,021. The median age of people living in Ballston Spa is 38.8 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 11.8 degrees. The average rainfall is approximately 42.7 inches per year, with 60.5 inches of snow per year.
