Turn Key Investment! Fully occupied. The old Saint Paul's building, converted into 15 High end apartments in late 2020. Combinding the elegance of the 1920's with the style and comforts of the 21st century. Owner is the builder and can answer any questions. All new windows, doors, roof & Mechanicals.
The Building was set up like a hotel with lots of common space, including: a lounge, banquet space, prep kitchen, rooftop terrace, private outdoor patios, gym, (2)offices, 12 storage units & room to add 4 more apartments, as well as plenty of off street parking. Each Unit runs independently, having their own electric, furnace & h2o heater. As well as washer and dryer, wifi thermostats, granite, SS appliances & much more. With a Cap Rate of nearly 9% it will not last long. CALL TODAY!
Property Type(s):
Multi Family
|
Last Updated
|
7/8/2025
|
Year Built
|
1925
|
|
County
|
Saratoga
|
SCHOOLS
| High School |
Mechanicville |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Exterior Entry, Full, Interior Entry, Walk-Out Access, Yes |
| CONSTRUCTION |
Block, Brick, Masonite, Stone |
| EXTERIOR |
Garden, Gas Grill, Other |
| HEAT |
Forced Air, Natural Gas |
| INTERIOR |
Built-in Features, Cathedral Ceiling(s), Crown Molding, Elevator, High Speed Internet, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar |
| LOT |
0.53 acre(s) |
| LOT DESCRIPTION |
Cleared, Level, Views |
| PARKING |
Paved |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit, Low Rise |
| TAXES |
21387.45 |
| UTILITIES |
Cable Available, Cable Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Water, Valley, Trees/Woods, River, Mountain(s), Skyline, Bridge(s), City, Downtown |
| WATER |
Public |
Location
This listing courtesy of Red Door Realty NY Inc
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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