Sharon FronkRealtor® · Howard Hanna
LoadingMechanicville, NY 12118 · Saratoga County
This 29,000-square-foot multi-family building in Mechanicville was converted in late 2020 from the former Saint Paul's building into 15 high-end apartments. The remarks describe it as fully occupied and turn-key, with new windows, doors, roof, and mechanicals, plus units that each run independently. Shared amenities include a lounge, banquet and prep-kitchen space, a rooftop terrace, outdoor patios, a gym, offices, storage units, and off-street parking, with room noted to add four more apartments. It carries central air, an elevator, and no HOA, within the Mechanicville school district.
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! This building is NOT in foreclosure.
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Mechanicville is in Saratoga County, NY. There are currently 25 active listings here, ranging from $89,000 to $3,499,000. Listings in this address fall under the Mechanicville school district. Priced 679% above the Mechanicville median of $449,000.
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Red Door Realty NY Inc · Listed by Joseph I Starr (3913)
Contact: 518-727-6333
MLS #202521145 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Licensed Real Estate Salesperson · Howard Hanna
Typically responds within 2 hours
Real numbers from current MLS data. Not a third-party estimate.
Activity across 4 MLS listings of this property.
