Listed by Haugan-Nelson Realty
$340,000
Turnkey Mixed-Use Investment in the Heart of Watertown
Details
Property Type Mixed Use
Sub Type Apartments, future build out potential in basement
Square Footage 6,000
Units 4
Cap Rate 8.00%
NOI $25,430
Occupancy 75%
Price per SqFt $57
Broker Co-Op Yes
Year Built 1904
Buildings 1
Stories 2
Ground Lease Yes
Downtown Mixed-Use Building with updates and long term commercial tenants
Marketing description
Located in the heart of downtown Watertown, this historic mixed-use building at 15-17 1st Ave SE offers a strong investment opportunity with built-in income and future upside. The main level features two long-term commercial tenants providing cash flow, while the upper floor includes two, 2 bed, 1 bath apartments. The basement is in incredible condition and presents additional income-producing potential for storage or future build-out. Rich in character and local history, this property combines classic downtown charm with practical investment appeal in a prime location. Call today for more information!
Listing Contacts
Listed by Haugan-Nelson Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,430.00
$2,119.17/mo
Valuation Metrics
0
DSCR
7.48%
Cap Rate
7.48%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
