Prime Investment Opportunity on E Main St, Mohawk NY! This 4-family property is a blank canvas, awaiting your touch. Vacant and ready for a cleanout, a fresh coat of paint, and minor repairs, this property is poised to become a rental income powerhouse. Ideal for investors seeking high returns, this CASH COW offers immense potential. Assignment of contract available. Purchase with cash ''as is'' or utilize hard money options. 10% down required with contract signing. Don't miss out on this huge opportunity to maximize your investment portfolio. Act now and transform this gem into a lucrative rental property!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1885
Living Area: 3,232 SqFt
Listing Office:
Office Name: Wolf River Real Estate, LLC
Office Phone: (518) 390-7059
Listing Agent: Angela Gonyo
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Exterior: None
Parking Information:
Garage Space: 3 spaces
Attached Garage: No
Parking: Paved, Driveway
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: None
Other
Directions Information:
Directions: Start by merging onto I-90 West (New York State Thruway) from Colonie. 2. Continue on I-90 West for approximately 65 miles. 3. Take Exit 30 toward Herkimer. 4. Merge onto Mohawk Street and continue for about 0.5 miles. 5. Turn left onto NY-5S West and proceed for 1 mile. 6. Turn right onto South Washington Street. 7. Continue onto North Washington Street for 0.3 miles. 8. Turn lef
Price Information
Listing Price Info
Price Summary:
List Price: $69,999
Price Per SqFt: $22/SqFt
Tax Information:
Annual Amount: $2,232
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Herkimer, NY.
This property is $65K less than the Median Sold Price and $62/SqFt less than other homes in Herkimer, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Global MLS
MLS Number: #202430487
Listing Office:
Office Name: Wolf River Real Estate, LLC
Office Phone: (518) 390-7059
Listing Agent: Angela Gonyo
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/21/2024, 11:51:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,232
$84,500
2019
$2,232
$84,500
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$417
Per Month
Principal & Interest
$350
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$276
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Herkimer Elementary School
255 Gros Blvd
Distance between this listing and this school1.94 miles
Public District Grades PK-5
4
/10
Barringer Road Elementary School
326 Barringer Rd
Distance between this listing and this school3.37 miles
Public District Grades 2-4
4
/10
Frankfort-Schuyler Elementary School
610 Reese Rd
Distance between this listing and this school3.85 miles
Public District Grades PK-5
Nearby Schools
4
/10
Gregory B Jarvis Middle School
28 Grove St
Distance between this listing and this school1.42 miles
Public District Grades 5-8
4
/10
Frankfort-Schuyler Middle School
605 Palmer St
Distance between this listing and this school3.91 miles
Public District Grades 6-8
6
/10
John F Kennedy Middle School
500 Deerfield Dr E
Distance between this listing and this school12.03 miles
Public Magnet Grades 7-8
Nearby Schools
4
/10
Herkimer High School
801 W German St Ste 1
Distance between this listing and this school0.35 miles
Public District Grades 6-12
6
/10
Central Valley Academy
111 Frederick St
Distance between this listing and this school2.54 miles
Public District Grades 9-12
6
/10
Frankfort-Schuyler Central High School
605 Palmer St
Distance between this listing and this school3.92 miles
The neighbors living near this home have an average income of $53,267. The majority of Herkimer, NY residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 509 Church St in Herkimer, NY and zip code 13350. This 3,232 square foot home, which was built in 1885, sits on a 0.19 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $69,999.
Herkimer, NY housing market in November 2024 saw over 4 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The number of homes for sale in Herkimer, NY decreased by 11.8% between October 2024 and November 2024. In November 2024 median list price was $135,000 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.