For sale 26 days ago

$54,500

4 bd 2 ba 0 sqft

34 Union St, Glens Falls, NY 12801

Residential SFR Occupied Needs Repairs Off MLS

Current Rent

$1

Cap Rate

Pro Only

Cash on Cash ROI

Pro Only

Wholesale Deal Glens Falls NY

***Attention Investors!! Wholesale Deal, Easy Flip with 50K Profit!!

Union St Glens Falls NY

Purchase Price 54,500K

Repairs $35k-$40k

ARV $152K

Property is a 4 Bedroom 2 Bath 1400sqft Built in 1891.

Updated HVAC, Central Air, Electrical Wiring and panel, New PVC main sewer line, new hot water tank. Good condition slate roof. You may want to convert to a 3/2 because 2 of the upstairs bedrooms are small and one has a low ceiling height. Comps were done based on in being converted to a 3/2.

** The Property was a duplex at one time, could be converted back, im not sure how much $$ it would take. **

**This could be a great BBBR deal. If held as a rental the rehab would be around 20K and you could probably refi all of the cash out at the end**

Property is in livable condition.To flip you would need new kitchen and baths, Paint and flooring throughout. It would be possible to make a first floor master, with walk in closet by moving one wall. Smaller lot. Would be a great low maintenance home for someone who doesn’t want too much to mow. Very short walk to downtown Glens Falls. Has off street parking for 2, possibly 3 cars. Would be a great cosmetic flip since all of the mechanicals are updated and in good condition.

This is a contract for sale. It is a wholesale deal. I have a signed contract that I am willing to transfer my rights to.

Attached is a link to photos of the inside:

https://drive.google.com/drive/folders/1OYc7hnhAxWTa6qNRfHi65pHJq7QMv7Iz

If you're a serious buyer, a walkthrough can be scheduled if needed. Do not visit the property on your own, it is currently occupied. This needs to be a cash purchase. No bank financing will be accepted. A $2,500 non-refundable depot is due at signing.

Comps are:
24 Sherman Ave 4/2 1450sqft No Garage, Renovated $175k
10 Ogden St 3/2 1100 sqft Garage, Renovated, Smaller House $168K
11 Grand St 4/2 1400 Sqft No Garage, Renovated $143k

Location:

34 Union St, Glens Falls, NY 12801

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