83 Fremont St, Gloversville, NY 12078

Four unit multi family fully leased with positive cash flow

Four unit multi-family residential rental that is fully occupied with positive cash flow and a capitalization rate that approaches 20%. There are two (2), two (2) bedroom apartments in the front and two (2), one (1) bedroom apartments in the rear. The building is fully occupied with annual leases in place. The listing photos were of two apartments prior to occupancy and are representative of the overall interior condition of all four apartments. Seller owns all refrigerators and ranges. All apartments are individually metered for electric and gas and tenants are responsible for their own heat and electric. The owner currently provides ground maintenance, however tenants are responsible for snow removal. Owner has an exterior closed circuit surveillance system installed for remote monitoring and recording. Feel free to drive by any time, however viewing of the apartments will require at least 48 hours advance notice and the listing broker will provide access to the apartments. A current financial statement is available upon request. Showings will only be offered to pre-qualified purchasers with proof of funds.