1031 NY-50, NY 12019

$670,000
11
BA
4,200
SqFt

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Sold Price
$670,000
List Price
$700,000
Closing Date
Apr 02, 2024
MLS#
202324292

Property Description

This 10-unit motel in Ballston Lake is a prime opportunity. It includes two buildings: one with 7 units plus a laundry room, and a smaller building with 3 rooms. Impressively, 8 of the rooms have been completely renovated as showcased in the photos. Updates include heat pumps in every room, modern plumbing, electrical, flooring, bathrooms, a new septic system, and a fresh parking lot. The property is on public water and natural gas. Zoned Business/Highway2, this property offers flexibility. The units are set up as efficient weekly rentals, with a very low vacancy rate. The property is conveniently located on the public bus line and is in Burnt Hills school district.

Additional Information

Taxes
$4,643
Zoning
Commercial
Sewer
Septic Tank
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of listing agent Christopher Iwinski with Coldwell Banker Prime Properties Brokerage, .

Selling Office: Howard Hanna Capital Inc.

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