Fully renovated 5-unit multifamily investment property. Everything has been redone inside and the building is ready for tenants of your choice. If preferred, we can assist with renting the units after closing.
Recent Renovations Include:
Fresh interior paint throughout
Hardwood floors refinished
New laminate flooring where hardwood was not present
Updated plumbing
New toilets and vanities
New light fixtures
New electrical outlets and switches
Rental Income & Financials:
Market rent: $800–$1,000 per unit
Projected monthly rent: $4,500–$5,000
Projected annual gross income: $60,000+
Asking price: $325,000
Financing:
Seller may consider short-term owner financing
30–40% down for qualified buyers
Why This Property:
Turnkey / move-in ready units
Strong cash flow potential
Low deferred maintenance
Ideal for first-time or experienced investors
Value-add upside with rent stabilization
Location: Gloversville, NY
Property Type: 5-Unit / 5 Family / Multifamily / Apartment Building
Serious inquiries only.
Reply with name, phone number, and buying timeline for details, rent projections, or to schedule a showing.