Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$273,000
409 Franklin Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,884
Net Rentable (SqFt) 4,884
Cap Rate 6.11%
NOI $16,683
Occupancy 100%
Tenancy Multi
Price per SqFt $56
Class B
Year Built 1950
Year Renovated 2020
Buildings 1
Acreage 0.390
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 409 Franklin St, a 4-unit multifamily investment opportunity located in the City of Watertown. The property has undergone meaningful capital improvements in recent years, resulting in a well-maintained asset with strong occupancy and stable cash flow. The offering provides investors with an attractive value-add opportunity through continued rental growth and operational efficiencies within a consistently performing rental market. Conveniently located near Downtown Watertown and the Fort Drum military corridor, the asset benefits from durable multifamily demand and strong regional housing fundamentals.
Investment highlights
- All New Exterior
- 100% Occupied
- Great Basis
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
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
$16,683.00
$1,390.25/mo
Valuation Metrics
0
DSCR
6.11%
Cap Rate
6.11%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
