Courtesy: Coldwell Banker Sexton Real Estate
315-853-3535
A great investment opportunity with 3 parcels and 5 total apartments. 201 E. German St is a 3 unit building with 2 1 bedroom units and a 2 bedroom unit. The 2 bedroom unit is completely remodeled and furnished and is currently a short term furnished rental bringing in 1350/month. There is also a 1 bedroom rental also updated and furnished bringing in 1200/month. 203 E German St is a two family with 2, 2 bedroom units one of which is completely updated and furnished bringing in 1600/month to short term renters. 506 Willow Ave adjoins both properties and has a garage on it currently used for storage but could be converted to another rental. This sale must include all 3 properties as they will not be sold individually. The current owner has had great success in renting to visiting nurses and the demand is high. All apartments could easily be converted to this model for even more increased revenue!
Herkimer is located in New York. Herkimer, New York has a population of 9,635. Herkimer is less family-centric than the surrounding county with 20.51% of the households containing married families with children. The county average for households married with children is 24.9%.
The median household income in Herkimer, New York is $54,452. The median household income for the surrounding county is $60,561 compared to the national median of $69,021. The median age of people living in Herkimer is 48.3 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 11 degrees. The average rainfall is approximately 44.7 inches per year, with 96 inches of snow per year.
