Off-Market Condo at 14 Ellis Ave, Saratoga Springs, NY 12866

14 Ellis Ave, Saratoga Springs, NY 12866

Unit - #9

$475,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $135 per day and long-term for an average of $2,858 per month, based on similar listings in the area. Estimated short-term cap rate of 5.0%. Estimated long-term cap rate of -1.1%. Welcome to the popular Springwood Condominiums located in Saratoga Springs! Maintenance free living close to SPAC, the State Park, walking trails, the Farmers Market, the YMCA, and all the downtown restaurants and shops! This beautifully maintained 2-bedroom, 2-bathroom unit is in the rear corner of the complex, offering quiet privacy and beautiful tree-lined views. Enjoy your mornings and evenings on the second story screened-in porch and cozy up to the gas fireplace on cold winter days. This unit has gorgeous crown molding and hardwood floors throughout, cathedral ceilings, stainless steel appliances, large primary walk-in closet, a detached one car garage, and a dedicated parking spot outside your condo. Come join this incredible community and make the Springwood your home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$435
Rental Policy
daily
Yearly Taxes
$4025
Bedrooms
2
Bathrooms
2
SQFT
1,448
Furnished
N/A
Year built
2003
Listing Status
Off Market
MLS
202514653

Short-term Rental Potential
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$63,144

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$328

Price/SQFT

Long-term Rental Potential
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$34,296

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,858/mo

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