About 221 N Prospect Street
Excellent investment opportunity in a convenient location! This well-maintained five-unit apartment building offers a desirable mix of units, including three one-bedroom apartments, one studio, and one two-bedroom apartment. The property features a relatively new roof and has been well cared for, making it an appealing addition to any investment portfolio.All five units are currently rented, providing immediate income, while the current rents offer significant upside potential for a new owner. With rents positioned below current market potential, there is an opportunity to increase income and improve the property's overall cash flow over time.The location is hard to beat, with direct access to Herkimer College and all of the village's amenities within easy travel distance. Tenants also benefit from six dedicated parking spaces.Whether you're looking to expand your rental portfolio or seeking a property with strong potential to increase revenue, this five-unit property offers location, condition, existing income, and plenty of room for growth.
Features of 221 N Prospect Street
| MLS® # | S1718194 |
|---|---|
| Price | $209,900 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Square Footage | 5,652 |
| Square Footage | 6930 |
| Acres | 0.16 |
| Year Built | 1974 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 221 N Prospect Street |
|---|---|
| Area | Herkimer-Village |
| City | Herkimer |
| County | Herkimer |
| State | NY |
| Zip Code | 13350 |
Amenities
| Utilities | Cable Available, Sewer Connected, Water Connected, Other, See Remarks |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | Two Spaces, No Garage |
| Garages | Two Spaces, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Varies, Vinyl |
|---|---|
| Interior Features | Natural Woodwork |
| Appliances | Free-Standing Range, Gas Water Heater, Oven, Refrigerator |
| Heating | Gas, Forced Air |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Aluminum Siding, Copper Plumbing, PEX Plumbing |
|---|---|
| Exterior Features | Gravel Driveway |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Asphalt |
| Construction | Aluminum Siding, Copper Plumbing, PEX Plumbing |
School Information
| District | Herkimer |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Faith Properties |
|---|