9 Academy Place, Gloversville, NY 12078

Property Description

Excellent investment opportunity in the heart of Gloversville! This well-maintained triplex offers numerous upgrades, including new windows, updated kitchens, bathrooms and more. The spacious first-floor apartment features three bedrooms, living room with natural gas stove, formal dining room, updated kitchen and new full bathroom. The second-floor front apartment offers one bedroom, living room and kitchen, while the second-floor rear apartment features two bedrooms, living room, new kitchen and new full bathroom. Additional amenities include a two-car garage and front and rear porches. The entire property is vacant and ready for immediate occupancy, giving the new owner the flexibility to establish their own rental rates and select tenants. With projected rental income of up to $4,000 per month or $48,000 annually, this property offers outstanding income potential. Ideal for seasoned investors looking to expand their portfolio, first-time investors entering the rental market, or owner-occupants seeking to offset their mortgage with rental income. With major improvements already completed, three vacant units and strong projected rental potential, this is an opportunity worth serious consideration. Investors, take notice! Properties offering this level of flexibility and income potential deserve a closer look.