80 River Street

Excellent 3 family investment property with strong cash flow and upside opportunity for owner occupied or investment. Renovation work continues and Seller is willing to consider lower selling price unfinished. The spacious and bright 2nd floor (Unit 2) was recently updated with new flooring and paint and features 2 bedrooms plus a large bonus room (with washer/dryer hookup) providing flexible space and a second entrance private staircase. The new kitchen cabinets are on site ready for installation as are the new interior doors. Unit 1 has a private front porch and a long-term tenant of 14 years., This unit has an eat in kitchen, living room and single bedroom with great front windows and no renovations are planned until after the tenant decides to move. Unit 3 is at the rear of the building on the 1st floor featuring another bonus room in addition to the bedroom, eat-in kitchen (with laundry hookup) and side porch entrance. It too is being renovated. Unit will soon be ready for new flooring and cabinetry (on site). Situated on a generous 1.7 acres, this property provides ample off-street parking and outdoor space. Separate utilities for each unit make for efficient property management and the convenient location offers easy access to Hudson Falls, and Glens Falls. The property offers a strong combination of current cash flow and future valued-added potential. Don't miss the chance to own a versatile income-producing property with room to grow and add your own finishing touches or have the current owner complete them as planned. Assessment FMV at $257k and square footage in assessor records shows incorrect (too low) for second floor. One of the LLC ownership members is a licensed NYS Sales Agent.