190 Ridge St. Glens Falls, NY 12801 $1,100,000 - Asset Class: Multi-Family
Desirable 13-unit Multifamily assemblage. This offering consists of a 9-unit and 4-unit situated on a large (+/-) 1.85 acre piece of property close to downtown Glens Falls. The 9-unit building has an updated (2018) on-demand h/w boiler heating system (landlord pays heat) and each unit is separately metered for electric (tenant pays electric and hot water). The 4-unit fronting William St. consists of (4) four 1-BR, 1 bath units each separately metered for gas and electric (tenant pays heat, electric and hot water). Strong rental history, excellent location, park-like grounds, ample off-street private parking and additional barn structure. Charm, history and upside.
Assemblage Unit Information
190 Ridge St.
9-unit building with a lot of charm. Hot water baseboard heat, each unit separately zoned. Updated natural gas on-demand boiler system. Landlord pays heat. Each unit separately metered for electric. Hot water tanks on electric. Small office in this building. Laundry in basement.
45 William St.
4-unit building. Hot water baseboard heat, each unit has its own natural gas boiler. Each unit separately metered for gas and electric. Tenant pays heat and electricity.
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