Collect ~$60,000/year | Market Rents $800–$1,000 per Unit
This is the type of property investors look for and rarely find — a fully renovated 5‑unit multifamily in Gloversville that is ready to rent immediately with strong upside and minimal deferred maintenance.
🏘️ PROPERTY OVERVIEW
• 5 Units – All Updated
• Market value rents: $800–$1,000 per unit
• Projected monthly income: $4,500–$5,000
• Annual gross income potential: ~$60,000
• Price: $325,000
🔨 EXTENSIVE UPDATES COMPLETED
• Fresh paint throughout
• Hardwood floors refinished
• New laminate flooring where hardwood was not present
• Updated plumbing
• New toilets and modern vanities
• New light fixtures throughout
• New electrical outlets and switches
• Clean, refreshed interiors — move‑in ready units
🚗 BONUS VALUE
• Detached 3‑car garage — added rental income or tenant amenity
• Strong curb appeal
• Solid long‑term rental location
💸 FINANCING FLEXIBILITY
• May consider short‑term owner financing
• 30–40% down
• Ideal for investors looking to place capital without traditional bank delays
📍 LOCATION
• Gloversville, NY
• Strong rental demand
• Ideal for buy‑and‑hold investors or portfolio expansion
Whether you’re looking to start collecting rent immediately or secure a stabilized asset with room for future upside, this property checks all the boxes: updates done, rents supported, and financing flexibility available.
🔔 REALTOR DISCLOSURE:
Buyer agents are welcome. If you are represented by a licensed real estate professional, please have your agent contact the listing brokerage directly to coordinate showings and discuss compensation terms.