Saratoga County Multifamily Properties are becoming increasingly popular. In addition to their potential for providing a residence of the owner, they generate income. Owner occupied properties can often provide free lodging for the owner in addition to generating additional income. Saratoga County NY Real Estate, includes Ballston, Charlton, Clifton Park, Corinth, Day, Edinburgh, Galway, Greenfield, Hadley, Halfmoon, Malta, Milton, Providence, Wilton, Schuylerville, Stillwater, Waterford.
Saratoga County Multifamily Properties
Saratoga County ny real estate is a vibrant market north of Albany, the state capitol and heir to a history of tourism, recreation and horse racing. The name is a corruption of an Indian word “sah-rah-ka” or “Sarach-togue,” that means “the hill beside the river. In recent years it has seen an influx of well to do retirees, drawn by the chic atmosphere of the City of Saratoga and the growing tech industries to the South. The county seat is Ballston Spa.
While 2 family homes are easier to manage than 3 or 4 family homes, they do not generate the higher incomes associated with multiple units. As you increase the number of units issues of financing and insurance become more complicated. HUD guaranteed financing is available for multifamily residences. A special program insures up to 85% financing on properties with 5 or more units. In fiscal year 2012, the Department insured mortgages for 644 projects with 91,969 units, totaling $5.6 billion.
Although owner financing is sometimes available, it is important that you be clear about your financing options prior to searching for a property. Owners are more willing to consider self financing if you have a substantial cash downpayment. Cash availability is also important if you are interested in foreclosures and bank owned properties or great deals and auction properties.You should meet with potential funding sources prior to exploring the availability of properties
Displayed below are our newest Saratoga multifamily properties. To access more multifamily properties, most recent listings first, select additional pages either at the top or bottom of this page. To search by county or price use the search bars above. If you select the price search you will see listings displayed with the higher priced properties first.
Listed below with most recent listings first are Saratoga County Multifamily Properties.
If you prefer you may display the listings in price order. To search the listings of our MLS Partners click on the appropriate links in the left margin of this page. Try first the Greater Capital Region MLS. Searching these MLS systems directly is far superior to using general search sites such as Trulia, Zillow, and Realtor.com, or sites maintained by brokers such as Weichert, Coldwell Banker or Century 21.
By going to the multiple list systems directly you get the most detailed and up-to-date information available in that specific area. Then call us with listing numbers. We can provide you with additional information about specific listings and arrange to show you any listing in these different MLS systems. We are members of all of them – a true Regional Broker.
If you have already contracted with an exclusive listing or buying agent that agent will be responsible for advising you and assisting in the negotiation of the sale. While Sellers are almost always represented by an exclusive agent, the trend toward Buyers retaining an exclusive agent is relatively new in New York State.
Saratoga tourism info click here!