190 Ridge Street - Glens Falls, NY 12801

$2,290,000

  • MLS # 202618545
  • 136 days on the market
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Listing Courtesy of: Realize Brokers 518-307-7824
Status: Under Contract

Description:

Income-producing 34-unit multifamily assemblage spanning four buildings on approximately 2.23 acres in the City of Glens Falls. Four well-located properties -- 195 Ridge St., 190 Ridge St., 45 William St., and 8 Lawton Ave. -- combine for a unit mix of 5 two-bedroom, 14 one-bedroom, and 15 studio apartments. Low vacancy and a stable rent roll drive consistent monthly cash flow, with ample on-site parking across all four buildings. Concentrated ownership in a single market makes this a manageable, scalable hold, with room to grow income through rent and operational improvements. Full financials provided to qualified buyers upon request. Schedule a private tour through the listing agent.

Property Details:

  • Acres: 2.23
  • Above Ground Square Feet: 20866
  • Town: Glens Falls
  • Property Type: Multi-Family
  • Bedrooms: 18
  • Bathrooms: 34 Full
  • School District: Glens Falls
  • Estimated Taxes: $47,504
  • Water: Public
  • Sewer: Public Sewer
  • Heat: Baseboard, Hot Water, Zoned, Natural Gas
  • Property Style: Apartment 4 Plus Unit
  • Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Exterior: Stone, Cedar, Plaster, Wood Siding
  • Exterior Features: None
  • County: Warren
  • Cooling: Window Unit(s), None
  • Parking Spaces: 28
  • Zoning: Multi Residence
  • Interior Features: Built-in Features
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