$230,000
$250,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
5,280 SqFt
SOLD DATE : 01/30/2023
Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $43
MLS Listing ID S1412628
Sold Date 01/30/23
Style Other,Fourplex
Construction Status Existing
HOA Y/N No
Year Built 1960
Annual Tax Amount $5,287
Lot Size 6,590 Sqft
Acres 0.1513
Lot Dimensions 39X169
Property Description
This is a great investment opportunity in the heart of Watertown. This building has 4 apartments in excellent shape. They are in need of nothing. The rents are below market rate as the owner says "I'm not in the building to be a landlord, I'm there to run a doctor's office." The tenants are all loong term tenants and have expressed the desire to stay. The property includes a two car garage for more potential rental income(it is not currently rented, it is empty.) Upgrades include a new roof (4 years old), new hardwood floors, all new hot water tanks within the last 3 years, a new electrical panel and HVAC(3 years), new appliances in each apartment and more. All the units are in great shape and are in need of nothing. The 4 units generate $2,200 per month and the commercial space rents for $1,500 per month. The commercial tenant is the owner and he will vacate the space when the building sells. The building is being sold "as-is" as everything has been updated. This building has previously passed an inspection. Bring your experience and get the rents it deserves.
Location
State NY
County Jefferson
Area Watertown-City-221800
Direction Turn right onto East Arsenal Street and the building is on the right hand side.
Rooms
Basement Full
Interior
Heating Gas, Forced Air, Hot Water
Flooring Hardwood, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 3.0
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt,Other,See Remarks
Garage Yes
Building
Lot Description Near Public Transit, Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Architectural Style Other, Fourplex
Structure Type Brick
Construction Status Existing
Schools
School District Watertown
Others
Tax ID 221800-012-000-0005-226-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other,See Remarks
Special Listing Condition Standard
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