641 Furnaceville Road
Property Description
Prime Multi-Family Investment & Value-Add Opportunity! Set on 1.5 acres, this property features two multi-unit structures with four existing apartments, separate utilities for each unit, and room to expand. Building 1 to the right of the driveway -contains Apartment 1: (1 bedroom, 1 bathroom) along with an attached garage and an unfinished upper loft area with interior and exterior access along with another unfinished apartment on the lower level-offering clear potential to finish and build out 1 to 2 additional income-producing apartments. Building 2 houses the remaining 3 units: Apartment 2 offers a spacious 1,050 sq ft 2-bedroom, 1-bathroom layout with a large living room, an expansive kitchen featuring a custom oak island and in-unit laundry in the bathroom; Apartment 3 is a vacant 300 sq ft open-concept 1-bedroom, 1-bathroom unit featuring a new water heater; and Apartment 4 is a vacant 850 sq ft top-floor unit with 2 bedrooms, 1 bathroom, fresh paint, new flooring, updated bathroom piping, and a private deck off the kitchen. Exterior and building feature private porch and side entryways, a nice side yard, and a path leading down to a wooded lower yard perfect for gatherings along with a 2-car attached 24x36 garage equipped with oil heat and electric. Commuter conveniences with the property situated just 20 minutes to Cobleskill, 35 minutes to Cooperstown and Oneonta, and 1 hour to Albany. Room for additional income and a great investment or owner occupied! All showings must be accompanied by a licensed real estate agent.
Broker Details
Keller Williams Upstate New York Properties (607) 431-2540
MLS ID: OD1848 State License Number: 40CH1109154
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $189,000 |
| No. of Units: | 4 |
| Year Built: | 1985 |
| Lot Size: | 2,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $47,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-BNARNY-R1701632
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
4616-4618 Penn Way
Versailles Boro, Pennsylvania
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout