Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$430,000
134 Keyes Avenue
Details
Property Type Multifamily
Square Footage 8,607
Net Rentable (SqFt) 8,607
Cap Rate 9.69%
NOI $41,656
Occupancy 100%
Tenancy Multi
Price per SqFt $50
Class B
Year Built 1950
Year Renovated 2020
Buildings 1
Acreage 0.510
Investment Type Value Add
Sale Condition N/A
100% Occupied Value-Add Deal
Marketing description
As exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company is pleased to offer 134 Keyes Ave, an 8-unit multifamily investment opportunity located in the City of Watertown. The property has benefited from substantial capital improvements in recent years, providing investors with a well-maintained asset featuring strong occupancy and stable in-place cash flow. The offering presents an attractive value-add opportunity through continued rental growth and operational upside within a market supported by consistent housing demand. Conveniently located near Downtown Watertown and the Fort Drum military corridor, the property is well-positioned to capitalize on the area’s strong multifamily fundamentals and long-term rental demand.
Investment highlights
- $60,962 of Capital Repairs since 2020
- 100% Occupied
- Below Market Rents
Listing Contacts
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
$--
$--
Annual Cash Flow
$41,656.00
$3,471.33/mo
Valuation Metrics
0
DSCR
9.69%
Cap Rate
9.69%
ROI
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