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Listed by Tammy J Sutphin • Hunt ERA

$595,000

Est. payment - /mo

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8 Beds

4 Baths

2,626 SqFt

New

437 Glen Street Glens Falls, NY 12801

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,626 sqft

Price per Sqft $226

MLS Listing ID 202622873

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1960

Annual Tax Amount $6,384

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 73x115x72x119

Property Sub-Type Quadruplex

Source Global MLS

Property Description

One of the finest and most meticulously maintained four-unit properties in Glens Falls! Ideally located on prime Glen Street in the heart of downtown, this exceptional investment property is within walking distance to dowtown and on the bus route. Each unit offers an identical two-bedroom floor plan. Both first-floor apartments have been completely renovated, while one second-floor unit has been extensively updated with numerous modern improvements. Both 1st floor units are being kept vacant for ease of showings, also ideal for owner-occupancy or to achieve top-market rental income (estimated at $1,600/unit). Long-term tenants are in place upstairs; 1 month to month and the other with a 1 year lease.

The owner currently pays heat (less than $1,000 annually) and electric; however, separate electric panels provide the opportunity to transfer electric costs to tenants. Recent improvements include a renovated two-car garage, a newly added washer/dryer hookup in the foyer, and a freshly seal-coated driveway. Existing rents are well below market, offering outstanding upside potential for increased cash flow. Seller financing available!

Location

State NY

County Warren

Direction Corner Glen & Goodwin

Interior

Heating Baseboard, Hot Water

Flooring Vinyl, Tile, Carpet

Window Features Blinds

Exterior

Exterior Feature None

Parking Features Paved, Detached, Driveway, Garage

Garage Spaces 2.0

Utilities Available Cable Available

Roof Type Slate,Asphalt

Porch Side Porch, Front Porch

Building

Lot Description Level, Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Glens Falls

Others

Tax ID 520500 302.20-6-21

Acceptable Financing Seller Financing

Listing Terms Seller Financing

Special Listing Condition Standard

Nearby Locations

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Stefanie Waldron

+1(518) 522-1476