10 Beech St, Gloversville, NY 12078

Two Gloversville investment buildings on one parcel

This property has 2 buildings, the first is a two-family which was renovated in 2020 with proper permits and has been inspected by the city. The building was nearly gutted for the renovation and has received a new roof, windows, siding, wiring, plumbing, insulation and sheetrock. There are separate electric water heaters and natural gas furnaces for each apartment. Both units in the 2 family are nearly identical floor plans stacked on top of each other (2 Br-1bath, eat in kitchen, bath with laundry and a flex room for den/Home office or storage). Lower unit is rented for $750/month on a month to month agreement and upper unit is vacant and ready for new tenant or owner occupancy. There is plenty of off street parking on both sides of the residence with the availability to expand parking in the rear of the building as well. Each apartment has completely separate front and rear entrances and the basement entrance is a Biilco door located in the rear of the residence for unobstructed owner access. Once fully rented this property will have a fantastic cash flow for years to come as most of the major investments have already been completed. There is also an additional single family home in the rear of the property and located on the same parcel. The single family house is a shell that is completely gutted, a blank slate, awaiting the vision of a new owner with the skills and passion to restore it to its full potential. Unleash your creativity and envision the transformation of this residence into a stunning masterpiece. Perfect for investors or those with a keen eye for potential, this property offers a rare chance to make a smart investment in a quiet location. The single-family house has been inspected by a Licensed Professional Engineer and found to be sufficiently safe, sound and secure to qualify for a renovation building permit. With this engineering report, the building is ready to obtain permits from the city as required. The is a great opportunity to let the front property pay the bills while you renovate the single family home. The property is currently professionally managed by the listing broker and available to cash and conventionally approved buyers.