Sharon FronkRealtor® · Howard Hanna
LoadingGloversville, NY 12078 · Fulton County
This 19-bedroom, 8-bath multi-family property in Gloversville comprises eight units across 8,666 square feet on a 0.34-acre lot. Built in 1935, the building includes six recently renovated units, one under substantial renovation, and one occupied by a long-term tenant. The property generates rental income with tenants covering their own utilities, and features a detached six-car garage with potential for additional revenue. An adjoining parcel with a building offers further development or redevelopment possibilities, situated in Gloversville, a historic Fulton County city known for its legacy in American leather manufacturing and glove production.
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. Seller related to agent
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Gloversville is in Fulton County, NY. There are currently 87 active listings here, ranging from $15,000 to $1,300,000. Listings in this address fall under the Gloversville school district. Priced 246% above the Gloversville median of $199,000.
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Schermerhorn Realty Group LLC · Listed by Sarah Newton (50486)
Contact: 518-812-7178
MLS #202617798 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Activity across 3 MLS listings of this property.
