$900,000
Saratoga Springs, NY 12866
MLS# 201515288
Status: Closed
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Property Description
A unique opportunity to own 11 units on a large 3 building lot in Saratoga Springs, currently completely rented. A cap rate that is consistent with properties in the city. Steps from Broadway, these units have an reliable rental history and are rented well below market rate. On premises parking, coin operated laundry and the potential to increase current cap rate significantly. P&L statement available upon request. Please contact us for further details on each building and unit. Very Good Condition
Details
Maps
Contract Information
Original List Price: 1399000
List Price/SqFt: 117.55
Status: Closed
Property Sub Type: Multi Family
Sold Price: $900,000
Current Price: $900,000
Listing Contract Date: 2015-07-13
Location
City/Town (Mail): Saratoga Springs
Street Number: 86
Street Name: VAN DAM
Street Suffix: Street
County: Saratoga
State/Province: NY
Postal Code: 12866
Subdivision: Downtown Saratoga Springs
Geo Lat: 43.085289
Geo Lon: -73.788482
Property Detail
Garage Spaces: 1
Above Grade Finished Area: 10200
Above Grade Finished Area Source: Public Records
Living Area: 10200
Lot Size Acres: 0.35
Enhanced Accessible Y/N: No
Survey Y/N: No
Year Built: 1920
Status Change Info
Sold Price/SqFt: 88.24
Status Change Date: 2015-12-23
Under Contract Date: 2015-10-23
Sold Date: 2015-12-22
Sold Price: $900,000
Parcel, Tax, HOA
Parcel Number: 411501 33-1-71
FIPS Code: 36091
Tax Annual Amount: 17899
Tax Section: 33
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 71
School District: Saratoga Springs
Association Y/N: No
Directions & Remarks
Directions: Broadway to Van Dam - left at Van Dam. Property at corner of Lawrence and Van Dam.
Public Remarks: A unique opportunity to own 11 units on a large 3 building lot in Saratoga Springs, currently completely rented. A cap rate that is consistent with properties in the city. Steps from Broadway, these units have an reliable rental history and are rented well below market rate. On premises parking, coin operated laundry and the potential to increase current cap rate significantly. P&L statement available upon request. Please contact us for further details on each building and unit. Very Good Condition
Sewer
Public Sewer: 1
Cooling
None: 1
Basement
Full: 1
Lot Features
Corner Lot: 1
Level: 1
Construction Materials
Vinyl Siding: 1
Possession
Possession (Legacy): At Closing
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Roof
Asphalt: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 11
Attached: 1
Unit Information
Number Of Dryers: 4
Number Of Refrigerators: 11
Number Of Stoves: 11
Number Of Washers: 4
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Walton
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 3
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Walton
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Van Dam
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Total Rooms MF Unit 7: 3
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Property Features
Basement: Full
Construction Materials: Vinyl Siding
Cooling: None
Heating: Forced Air; Natural Gas
Lot Features: Corner Lot; Level
Parking Features: Attached
Roof: Asphalt
Sewer: Public Sewer
Water Source: Public
Listing Courtesy of KW Platform
Listing Agent: Vincent Forbes
518-724-5800 |
518-724-5800 |
