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50-52 Gates Avenue

Victory Mills, NY 12884

Active

$825,000

Listing by:
Justin M Grassi
Just In New York Real Estate
518-424-9064

Investors & Developers Take Note! This rare multifamily opportunity offers 8 fully occupied residential units across two adjacent buildings along Fish Creek (50 Gates Ave: four residential units and a vacant commercial storefront and 52 Gates Ave: Four additional units and a coin-operated laundry for tenants) plus a vacant lot offering parking and future development opportunities. Located just a short drive from Saratoga Springs and GlobalFoundries, this investment is perfectly positioned in one of Saratoga County's most promising areas with an increasing demand for rentals. With a gross annual income of $110,400 this is a strong cash-flowing asset with long-term potential. Don't miss this chance to own a high-yield, mixed-use portfolio in Victory Mills, a hidden gem in Saratoga County.

$825,000
17.0
Bedrooms
8
Bathrooms
11,300
Sq. Ft.
$ 73
$/Sq. Ft.
0.74
Acres
Year Built:
1940
County:
Saratoga
School District:
Schuylerville
Acres:
0.74
Listing Agent:
Justin M Grassi
Listing Office:
Just In New York Real Estate
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Features

Square Feet: 11,300
Town: Victory Mills
Bedrooms: 17
Full Bathrooms: 8
Estimated Taxes: $7,918
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Propane
Garage: 0
Property Style: Apartment 4 Plus Unit
Exterior: Brick, Vinyl Siding
Exterior Features: None
Cooling: None
Parking Spaces: 16

Location



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