Sherrill, NY 13461 · Oneida County

This 10-unit multifamily property in Sherrill comprises two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studios across 4,312 square feet. Built in 1950, the building is offered as-is, with three units currently leased and seven vacant, presenting an investment opportunity for renovation and repositioning. Located minutes from Turning Stone Resort Casino and Vernon Downs Racino, with access to shopping, dining, and regional roadways, the property sits in the Sherrill Central school district with no HOA fees.
Exceptional investment opportunity in the heart of Sherrill, NY! This 8-unit multifamily property is being offered AS-IS and presents significant upside for an investor or owner looking to complete a full renovation and reposition the asset. The property currently consists of two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studio units. Three units are currently occupied, with the remaining units vacant, providing an opportunity to renovate and lease units as improvements are completed. With a substantial renovation, the property offers the potential for significant value appreciation and increased rental income with a 17%+ cap rate and a 40% cash on cash return. Conveniently located just 7 minutes from Turning Stone Resort Casino, and 9 minutes from Vernon Downs Racino, close to major roadways, shopping, dining, and area amenities. Excellent opportunity for investors seeking a value-add multifamily project in a desirable location.
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New Scotland Realty · Listed by Samantha M Curry (30735)
Contact: 603-209-1976
MLS #202624720 · Source: Global MLS, Inc.
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