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2874 Route 9 W
Malta, NY 12020
Malta Motor Court · Land For Sale
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2.54 AC
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 2.54 AC |
| Zoning | C8 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.54 AC |
| Zoning | C8 |
Description
Great investment opportunity with above average Cap Rate of 13%! This unique income producing property has the potential for increased Cap Rate that fully utilizes potential of the Saratoga Track Season. Well-maintained, low overhead opportunity with plenty of room for expansion. This 2.5 acre property is located right off I87 (Exit 13) just 10 minutes from downtown Saratoga & Saratoga Race Track! Featuring a year-round two-family home w/ 2bed/1bath & 1bed/1bath units as well as year-round 1 bed/1bath cottage. Also includes 9 seasonal cabins, each w/full bath. Turn-key, low-maintenance operation - many returning seasonal customers.
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