Description
Excellent opportunity for investors or owner-occupants seeking a property in the heart of Fort Plain. This six-unit multifamily features three occupied apartments with long-term tenants, each with over 20 years of tenancy and payment history, providing steady income from day one. The remaining three units are vacant and require extensive renovation, offering strong potential for future rental growth and increased property value once improvements are made. The property is located in a quiet residential area within walking distance to local shops, schools, and parks, with easy access to Route 5S and the NYS Thruway. Utilities are separately metered, and the lot does not require lawn care and very little snow removal. This property is a great investment with proven income and significant upsideperfect for investors seeking long-term returns in a stable rental market.
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12BEDS
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0.1ACRES
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6BATHS
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01/2 BATHS
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5,943SQFT
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$19$/SQFT
Description
Excellent opportunity for investors or owner-occupants seeking a property in the heart of Fort Plain. This six-unit multifamily features three occupied apartments with long-term tenants, each with over 20 years of tenancy and payment history, providing steady income from day one. The remaining three units are vacant and require extensive renovation, offering strong potential for future rental growth and increased property value once improvements are made. The property is located in a quiet residential area within walking distance to local shops, schools, and parks, with easy access to Route 5S and the NYS Thruway. Utilities are separately metered, and the lot does not require lawn care and very little snow removal. This property is a great investment with proven income and significant upsideperfect for investors seeking long-term returns in a stable rental market.
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