Listed by Cushman & Wakefield Pyramid Brokerage Company Syracuse, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$546,000
140 High Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,800
Net Rentable (SqFt) 10,800
Cap Rate 10.39%
NOI $56,745
Occupancy 50%
Tenancy Multi
Price per SqFt $51
Class B
Year Built 1950
Year Renovated 2020
Buildings 1
Lot Size (SqFt) 6,084
Investment Type Value Add
Sale Condition N/A
Recently Renovated
Marketing description
As exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company is pleased to offer 140 High St, a 12-unit multifamily investment opportunity located in the City of Watertown. The property has benefited from significant capital improvements in recent years, resulting in a well-maintained asset with strong in-place occupancy and stable cash flow. The offering presents investors with a compelling value-add opportunity through continued rental upside and operational efficiencies within a consistently performing rental market. Ideally situated near Downtown Watertown and the Fort Drum military corridor, the property benefits from sustained rental demand and strong multifamily fundamentals in the Northern New York region.
Investment highlights
- Fully Renovated
- All New Windows
- All New Siding
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
$56,745.00
$4,728.75/mo
Valuation Metrics
0
DSCR
10.39%
Cap Rate
10.39%
ROI
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Tax History
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