437 Glen Street, Glens Falls, NY 12801
- $595,000
- 8
- BD
- 4
- BA
- 2,626
- SqFt
- List Price
- $595,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 202622873
- Subtype
- MultiFamily
- Style
- Other
- Year Built
- 1960
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,626
- Lot Size
- 8,276
- Acres
- 0.19
- Subdivision
- Select One
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!
Additional Information
- Exterior Features
- None
- Taxes
- $6,384
- Property Description
- Other
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Baseboard, Hot Water
- Air Conditioning
- None
- Exterior Construction
- Vinyl Siding
- Roof
- Asphalt, Slate
- Foundation
- Stone
- Parking
- Detached, Paved, Driveway, Garage
- Garage Spaces
- 2
- School District
- Glens Falls
- High School
- Glens Falls
Mortgage Calculator
Listing courtesy of listing agent Tammy J Sutphin with Hunt ERA Brokerage, 518-796-2211.
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