Address: 330;238-240;901;1801 King,Otsego,John,Whitesboro Street 19
State: New York
INVESTORS AND ENTREPRENEURS:ALL 4 PROPERTIES WITH 5 HOUSES HAVING 19 RENTALS WILL BE SOLD IN ONE PACKAGE.These are 5 Multiple Unit properties in 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.There are 4 properties. 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, there has never been a problem.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 a 16.15% cap rate.