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About the Listing o3091A - 30735
Exceptional investment opportunity in the heart of Sherrill, NY! This 8-unit multifamily property is being offered AS-IS and presents significant upside for an investor or owner looking to complete a full renovation and reposition the asset. The property currently consists of two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studio units. Three units are currently occupied, with the remaining units vacant, providing an opportunity to renovate and lease units as improvements are completed. With a substantial renovation, the property offers the potential for significant value appreciation and increased rental income with a 17%+ cap rate and a 40% cash on cash return. Conveniently located just 7 minutes from Turning Stone Resort Casino, and 9 minutes from Vernon Downs Racino, close to major roadways, shopping, dining, and area amenities. Excellent opportunity for investors seeking a value-add multifamily project in a desirable location.
Interior Details
- Bedrooms: 10
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Electric,Radiant,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4312
- Below Ground Sq Ft: 0
- Basement: Crawl Space
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Zoning: Commercial
- Roof: Metal
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,800
- Taxes w/Assessments: N/A
- Tax/Property ID: 306003 323.016-1-60
- Tax Year: N/A
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Monthly Payment
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5261 E Seneca St Vernon, NY 13461
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