101 Herkimer Street
Syracuse, NY, 13204
$228,500
8 Beds
3 Baths
3,575 SqFt
0.17 Acres
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Investment Opportunity: Fully Rented 3-Unit Multi-Family Property with Upside Potential

Discover an exceptional investment opportunity with this fully occupied 3-unit multi-family property. Each unit is separately metered, with tenants responsible for their own utilities, ensuring low operational costs and streamlined management.

Currently, rents are below market value, presenting immediate upside potential for increased cash flow through rent adjustments. The property benefits from professional property management already in place, with the management team willing to stay on board to ensure a seamless transition and continued operational efficiency.

Whether you’re a seasoned investor looking to add to your portfolio or a newcomer seeking a low-maintenance, income-generating asset, this property offers both stability and significant growth potential. Don’t miss out on this value-add opportunity

Property Details

Price:
$228,500
MLS #:
S1582992
Status:
Active
Beds:
8
Baths:
3
Address:
101 Herkimer Street
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Far Westside
Neighborhood:
Syracuse City-311500
City:
Syracuse
Listed Date:
Jan 6, 2025
State:
NY
Finished Sq Ft:
3,575
Total Sq Ft:
3,575
ZIP:
13204
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1920
Units:
3
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Schools

School District:
Syracuse

Interior

Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Carpet, Hardwood, Luxury Vinyl, Varies
Heating
Gas, Forced Air

Exterior

Construction Materials
Aluminum Siding, Steel Siding
Parking Features
Two Or More Spaces

Financial

Taxes
$5,312

Map

Community

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101 Herkimer Street
Syracuse, NY