Description
______________________________________________________________________________________________Public Remarks: INVESTORS AND ENTREPRENEURS:ALL 4 PROPERTIES WITH 5 HOUSES CONTAINING 19 RENTALS ARE TO BE SOLD AS ONE PACKAGE.Great condition with 19 leasable spaces.Only one is vacant because the LL is prepping it to rent.Properties are in Utica, Herkimer, and Ilion. They are all well maintained and have a lucrative Net Operating Income.The property on King Street in Herkimer has 2 houses on 1 parcel for a total of 5 apartments and a 2 bay barn that could house cars or be used for storage.The only parcel that requires flood insurance if you have a mortgage is the Ilion property however, it has not been problematic.There are 4 Units there.The John Street property has 5 units and the Whitesboro Street property has 5 units.Please see the Data Sheet provided by the Owners.The tax parcels are:120.26-3-62; 119.52-3-58; 318.59-3-30; 318.22-3-4. This is a must see property that is looking to stay rented with all the NEW highway construction,New Hospital going up and companies like CREE and others locating here.Property is 16.15% cap rate.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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13,722SQFT
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$38$/SQFT
Description
______________________________________________________________________________________________Public Remarks: INVESTORS AND ENTREPRENEURS:ALL 4 PROPERTIES WITH 5 HOUSES CONTAINING 19 RENTALS ARE TO BE SOLD AS ONE PACKAGE.Great condition with 19 leasable spaces.Only one is vacant because the LL is prepping it to rent.Properties are in Utica, Herkimer, and Ilion. They are all well maintained and have a lucrative Net Operating Income.The property on King Street in Herkimer has 2 houses on 1 parcel for a total of 5 apartments and a 2 bay barn that could house cars or be used for storage.The only parcel that requires flood insurance if you have a mortgage is the Ilion property however, it has not been problematic.There are 4 Units there.The John Street property has 5 units and the Whitesboro Street property has 5 units.Please see the Data Sheet provided by the Owners.The tax parcels are:120.26-3-62; 119.52-3-58; 318.59-3-30; 318.22-3-4. This is a must see property that is looking to stay rented with all the NEW highway construction,New Hospital going up and companies like CREE and others locating here.Property is 16.15% cap rate.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Mary St.George | Keller Williams Gateway are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-04-19T07:14:02.353.
Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Matthew Pryputniewicz of Berkshire Hathaway Home Services Cny.