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Key Details
Sold Price $70,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,964 sqft
Price per Sqft $17
MLS Listing ID R1591841
Sold Date 05/14/25
Bedrooms 8
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1885
Annual Tax Amount $3,000
Lot Size 8,398 Sqft
Acres 0.1928
Lot Dimensions 70X120
Property Sub-Type Multi Family
Property Description
Investor's Dream – Vacant 4-Unit Opportunity with High ROI! Cash, Owner Financing, or Creative Financing Available!
This is a rare multi-family investment that's listed as a 3-family but already set up as a 4-family, featuring 8 bedrooms, 4 bathrooms, and a separate apartment above the detached 3-car garage. With its prime location and income potential, this property is an excellent opportunity for a savvy investor looking to renovate, add value, and generate strong cash flow.
Currently vacant and ready for work, this property does need updates, but once completed, it has the potential to bring in $3,500+ in monthly rental income, making it a fantastic return on investment. Whether you're planning to buy and hold, BRRRR, or house hack, this property offers long-term income potential and significant equity growth.
The property has already been cleared out, winterized, and is being sold as-is. The electric is on, but the water is off, allowing you to jump right in and start renovations. This is your chance to customize the space, increase property value, and maximize rental income.
Financing options include cash purchase, owner financing, or creative financing with at least 50% down. If you're looking for an income-generating asset with serious upside potential, don't miss out on this rare opportunity. Schedule your showing today and take the first step toward securing a high-yield investment!
Location
State NY
County Herkimer
Area Herkimer-Village-213001
Rooms
Basement Full
Interior
Heating Gas, Baseboard, Hot Water
Flooring Hardwood, Varies
Fireplace No
Appliance Electric Water Heater, Gas Water Heater
Exterior
Garage Spaces 3.0
Utilities Available Sewer Connected, Water Connected
Garage Yes
Building
Lot Description Other, Rectangular, Rectangular Lot, See Remarks
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Other,Wood Siding
Construction Status Existing
Schools
School District Herkimer
Others
Senior Community No
Tax ID 213001-120-024-0004-002-000-0000
Acceptable Financing Cash, Conventional, Owner Will Carry, Private Financing Available, Rehab Financing
Listing Terms Cash, Conventional, Owner Will Carry, Private Financing Available, Rehab Financing
Financing Seller Financing
Special Listing Condition Standard
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Bought with Wolf River Real Estate, LLC