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Listed by Samantha M Curry • New Scotland Realty

$ 79,900

Est. payment -/mo

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Active

5261 E Seneca Street Sherrill, NY 13461

10 Beds

8 Baths

4,312 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,312 sqft

Price per Sqft $18

MLS Listing ID 202624720

Bedrooms 10

Full Baths 8

HOA Y/N No

Year Built 1950

Annual Tax Amount $3,800

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Multi Family

Source Global MLS

Property Description

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.

Location

State NY

County Oneida

Zoning Commercial

Direction Take the appropriate exit toward NY-5 / NY-12 / Vernon. Continue toward Vernon and follow E Seneca Street into the village. 5261 E Seneca St is near the center of Vernon, close to Verona Street.

Interior

Heating Electric, Radiant, Natural Gas

Exterior

Exterior Feature None

Roof Type Metal

Building

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Sherrill

Others

Tax ID 306003 323.016-1-60

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=29020&lang=en-US

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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