5261 E Seneca Street, Sherrill, NY 13461
- $100,000
- 10
- BD
- 8
- BA
- 4,312
- SqFt
- List Price
- $100,000
- Status
- ACTIVE
- Days on Market
- 23
- Price Change
- ▼ $50,000 1788297867
- MLS#
- 202624720
- Subtype
- MultiFamily
- Style
- Apartment 4 Plus Unit
- Year Built
- 1950
- Bedrooms
- 10
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 4,312
- Lot Size
- 3,049
- Acres
- 0.07
- Subdivision
- Select One
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.
Additional Information
- Exterior Features
- None
- Taxes
- $3,800
- Property Description
- Apartment 4 Plus Unit
- Zoning
- Commercial
- Heating
- Electric, Radiant
- Air Conditioning
- None
- Exterior Construction
- Wood Siding, Vinyl Siding
- Roof
- Metal
- School District
- Sherrill
Mortgage Calculator
Listing courtesy of listing agent Samantha M Curry with New Scotland Realty Brokerage, 603-209-1976.
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