Basics
- Date added: Added 5 days ago
- MLS ID: 202614995
- List Office Name: eXp Realty
- List Agent Email: brian.green@exprealty.com
- List Agent Office Phone: 518-810-2895
- Days On Market: 0
- County: Saratoga
- Living Area sqft: 5392
- Lot Size Acres: 0.28 acres
- Category: MultiFamily
- Type: Multi Family
- Status: Active
- Bedrooms: 12
- Bathrooms: 6
- Half baths: 0
- Year built: 1880
Description
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Description:
This fully renovated 6-unit multifamily property offers a turnkey investment opportunity with 100% occupancy and stable cash flow. Originally built in 1880 and comprehensively renovated in 2021, the 5,392 sq ft complex sits on a 0.28-acre lot and comprises three buildings at 17, 19, and 21 Granite Street.
The renovation included new siding, HVAC systems with central air, refinished and new flooring, all-new kitchens, bathrooms, lighting, paint, porches, and landscaping. Roofs were professionally coated. The property features a shared common lawn area and off-street parking.
Value Proposition
A rock-solid, low-maintenance investment tailored for 1031 exchange participants, portfolio expanders, or owner-occupants seeking hassle-free ownership in one of upstate New York's most desirable markets.Key features include a furnished single-family house (19 Granite) commanding premium rents, three separate structures diversifying risk, and comprehensive 2021 renovations ensuring turnkey readiness with minimal future capital requirements. Proximity to Skidmore College and downtown Broadway drives year-round tenant demand.
Owner-Occupant Opportunity: Live in the furnished single-family house at 19 Granite while rental income from the remaining 5 units covers the mortgage--effectively living for free in downtown Saratoga Springs.
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Directions
- Directions: From I-87 North, take Exit 15 and turn right onto NY-50 South towards Saratoga Springs. Turn right onto Gick Road and continue for about 1.6 miles, then turn left onto Vincek Lane. Granite Street is located near Gick Road/Vincek Lane in Saratoga Springs, NY, a short drive from the exit.
Building Details
- Construction Materials: Vinyl Siding
- Garage Spaces: 0
- Basement: Unfinished
- Architectural Style: Traditional
Interior Features
- Heating: Forced Air
- Above Grade Finished Area Source: Assessor
- Bathrooms Full: 6
Exterior Features
- Exterior Features: Other
- Lot Size Units: Acres
- Lot Size Area: 0.28
Amenities & Features
- Sewer: Public Sewer
- Water: Public
Financial
- Possession: At Closing
- Tax Annual Amount: $19,641
- Tax Block: 1
- Tax Lot: 31.000
- Tax Tract: 165.43
School Information
- High School: Saratoga Springs
- High School District: Saratoga Springs
