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  • $70,000

    509 Church St, Herkimer, NY 13350

    8beds
    3,964sqft
    Multi Family
    Built in 1885
    -- sqft lot
    $70,600 Zestimate®
    $18/sqft
    $1,411 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: May 15, 2025 at 03:15pm

    Listed by:

    Angela Gonyo 518-390-7059,

    Wolf River Real Estate, LLC

    Bought with:

    Angela Gonyo, 10491207930

    Wolf River Real Estate, LLC

    Source: NYSAMLSs,MLS#: R1591841MLS LogoOriginating MLS: Otsego-Delaware

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Gas, Baseboard, Hot Water
    Appliances
    • Included: Electric Water Heater, Gas Water Heater
    Features
    • Flooring: Hardwood, Varies
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 3,964
    • Total interior livable area: 3,964 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage, Paved
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 8,398 sqft
    • Dimensions: 70 x 120
    • Features: Other, Rectangular, Rectangular Lot, See Remarks
    Details
    • Parcel number: 21300112002400040020000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other, Wood Siding
    Condition
    • Resale
    • Year built: 1885

    Utilities & green energy

    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Location
    • Region: Herkimer

    Other

    Other facts
    • Listing terms: Cash,Conventional,Owner Will Carry,Private Financing Available,Rehab Financing
    Services availability