107 Factory Street, NY 12157

Property Description

Investor Opportunity! Versatile Farmhouse Colonial with Barn & Dual Road Frontage Discover the possibilities with this charming 2,000 sq. ft. Farmhouse Colonial in the quaint community of Gallupville, offering plenty of space, character, and potential. Situated on a large, level lot with frontage on both Factory Street and School Street, this property is located within the Schoharie School District and could be an excellent opportunity for an investor, renovator, or buyer looking for a home with flexible living options. The home features 5 bedrooms and 3 full bathrooms, including a unique first-floor primary suite with its own en-suite bathroom, kitchenette, separate entrance, and private driveway. This space could work well for multigenerational living, a guest suite, home office, studio, or potentially an accessory apartment. Buyers should conduct their own due diligence regarding two-family or accessory apartment use, including any necessary approvals or variances. The first floor also offers two full bathrooms, a galley-style kitchen with pantry and dining area, a formal dining room, utility room, and additional flexible living space. The living room includes a wood stove and propane heater, adding both warmth and character. Upstairs, you'll find four additional bedrooms and a full bathroom. Additional features include a metal roof, four heating zones, an oil furnace, newer oil tank, and a water heater that is approximately three years old. Outside, the property offers two driveways, a barn, wood shed, storage room, and additional outbuildings. The barn and outbuildings will require some repairs, while the home itself could use painting and updates. For the right buyer, these improvements create an opportunity to add significant value and build equity over time. With its spacious layout, multiple entrances, two road frontages, and versatile living potential, this property offers plenty of possibilities. Sold as-is.