Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$362,000
261 Ten Eyck St, Watertown, NY, USA
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,866
Net Rentable (SqFt) 6,866
Cap Rate 8.42%
NOI $30,475
Occupancy 100%
Tenancy Multi
Price per SqFt $53
Class B
Year Built 1880
Year Renovated 2020
Buildings 1
Acreage 0.560
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 261 Ten Eyck St, a 5-unit multifamily investment opportunity located in the City of Watertown. The property has experienced notable capital improvements in recent years, creating a well-maintained asset with strong occupancy and dependable in-place income. The offering presents investors with a compelling value-add opportunity through future rental growth and continued operational optimization. Situated within close proximity to Downtown Watertown and the Fort Drum military market, the property benefits from steady rental demand and favorable multifamily market fundamentals throughout the region.
Investment highlights
- 100% Occupied
- All New Water Heaters
- $15,000 in Exterior Repairs
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
$30,475.00
$2,539.58/mo
Valuation Metrics
0
DSCR
8.42%
Cap Rate
8.42%
ROI
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