148 N Arlington Avenue, Gloversville, NY 12078 | MLS #202618818 | HUNT Real Estate
 
  • 25 days on site
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Turnkey 5-unit investment opportunity offering strong cash-flow potential and extensive updates throughout. This renovated multi-family property features beautifully refinished hardwood floors that add character, durability, and tenant appeal. Recent improvements also include fresh paint, updated lighting, electrical devices, and smoke and carbon monoxide detectors, creating a clean, move-in-ready environment for future tenants. Each unit features a private entrance, providing added privacy and a desirable single-family feel. Several units offer porch or balcony space, while the front and rear yard areas provide additional outdoor enjoyment. Spacious layouts, large bedrooms, and attractive finishes help support strong rental demand and long-term tenant retention. A major advantage for investors is that all units are separately metered for gas and electric, allowing tenants to pay their own utilities and helping keep owner expenses low. The property also includes a detached 3-car garage, offering valuable additional income potential. Rent the bays separately for storage or parking, provide garage space as a premium tenant amenity, or utilize the building for owner storage. Projected rents are approximately $4,750 per month, with the opportunity to increase overall revenue through garage rentals. The combination of strong income potential, separate utilities, and recent renovations creates an attractive investment opportunity with multiple income streams. Situated on a corner lot, the property benefits from excellent visibility, accessibility, and tenant appeal. Whether you're looking to expand your portfolio, pursue a BRRRR strategy, or acquire a strong buy-and-hold asset, this property offers the features investors seek most: refinished hardwood floors, private entrances, separate utilities, outdoor space, detached garage income potential, and strong cash-flow opportunity.

Source: Global MLS, MLS#: 202618818

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  • Property Type
    Residential Income
  • Lot
    0.20 acres

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  • Median Age
    44
  • Population Density
    205
  • College Educated
    29%
  • Estimated Median Income
    $44,144
  • Estimated Total Home Owners
    6,019
  • Estimated Total Renters
    3,771
  • Owner / Renter Divide
    61% / 39%
  • Estimated Average Household Size
    2
  • Total Population
    22,956
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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