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33183396
33183395

120 Keyes Avenue, Watertown, NY 13601

Cushman & Wakefield Pyramid Brokerage Company Syracuse
LI
NY 10401368733
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$726,000
6 days on market
Updated 6 days ago
Opportunity zone

120 Keyes Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,599
Net Rentable (SqFt) 14,599
Cap Rate 6.84%
NOI $49,653
Occupancy 83%
Tenancy Multi
Price per SqFt $50
Class B
Year Built 1950
Year Renovated 2020
Buildings 2
Acreage 0.430
Investment Type Value Add
Sale Condition N/A

About This Property

Marketing description

As exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company is pleased to offer 120 Keyes Ave, a 12-unit multifamily investment opportunity located in the City of Watertown. The property has undergone significant capital improvements since 2020, resulting in a well-maintained asset with strong in-place occupancy and operational stability. The offering presents investors with the opportunity to acquire a proven cash-flowing property with additional upside through continued rental growth and operational efficiencies. Strategically positioned within close proximity to Downtown Watertown and the Fort Drum military market, the asset benefits from consistent rental demand and favorable multifamily fundamentals within the Northern New York region.

Investment highlights

  • Stabilized Asset
  • $150,000 in Capital Repairs since 2020
  • Great Basis

Listing Contacts

Cushman & Wakefield Pyramid Brokerage Company Syracuse
LI
NY 10401368733
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$49,653.00
$4,137.75/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

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