Gloversville, NY 12078 · Fulton County

This mixed-use commercial property in Gloversville comprises 3,992 square feet on a 0.34-acre lot and includes eight residential units across two parcels. Six units have been recently renovated, one requires substantial work, and one has been occupied by the same tenant for over ten years. The property generates current gross income of $71,244 annually with tenants covering their own utilities, and includes a six-bay garage with income potential. An additional building on the second parcel offers flexibility for redevelopment or expansion.
This is a great addition or start to an investment portfolio. There is a total of 8 units with 6 being remodeled, one down to the studs and the 8th unit being rented by the same tenant for over a decade. This property will also include an additional parcel with a building ready for your vision or a tear down ready for your own vision. Currently grossing $71,244, a unit should be rented this week bringing the new gross income to $83,184. Tenants pay their own utilties. There is also a 6 bay garage that has potential for additional income.
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Gloversville is in Fulton County, NY. There are currently 105 active listings here, ranging from $10,000 to $1,399,999. Priced 249% above the Gloversville median of $179,000.
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Schermerhorn Realty Group LLC · Listed by Sarah Newton (50486)
Contact: 518-812-7178
MLS #202617685 · Source: Global MLS, Inc.
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Activity across 4 MLS listings of this property.
Real numbers from current MLS data. Not a third-party estimate.