Skip To Content

618 State Street

Watertown-City, NY 13601
  • $250,000
  • STATUS: Active Under Contract
  • ON SITE: 19 Days
  • MLS #: S1412628
Under Contract
UPDATED: 34 min ago
$250,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,280
    SQFT
  • $47
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

School District:

Description

This is a great investment opportunity in the heart of Watertown. This building has 4 apartments in excellent shape. They are in need of nothing. The rents are below market rate as the owner says "I'm not in the building to be a landlord, I'm there to run a doctor's office." The tenants are all loong term tenants and have expressed the desire to stay. The property includes a two car garage for more potential rental income(it is not currently rented, it is empty.) Upgrades include a new roof (4 years old), new hardwood floors, all new hot water tanks within the last 3 years, a new electrical panel and HVAC(3 years), new appliances in each apartment and more. All the units are in great shape and are in need of nothing. The 4 units generate $2,200 per month and the commercial space rents for $1,500 per month. The commercial tenant is the owner and he will vacate the space when the building sells. The building is being sold "as-is" as everything has been updated. This building has previously passed an inspection. Bring your experience and get the rents it deserves.

Monthly Payment Calculator

©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor TLC Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than TLC Real Estate LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-06-30T09:14:06.143.
www.tlc-realestate.com/homes/129731422
Print Image

618 State Street Watertown-City, NY 13601

  • Price: $250,000
  • Status: Active Under Contract
  • On Site: 19 Days
  • Updated: 34 min ago
  • MLS #: S1412628
0
Beds
0
Baths
0
½ Baths
0.15
Acres
5,280
SQFT
$47
$/SQFT
1960
Built
Neighborhood:
Watertown-City-221800
County:
Jefferson
Area:
Watertown-City-221800
School District:
Watertown
Property Description
This is a great investment opportunity in the heart of Watertown. This building has 4 apartments in excellent shape. They are in need of nothing. The rents are below market rate as the owner says "I'm not in the building to be a landlord, I'm there to run a doctor's office." The tenants are all loong term tenants and have expressed the desire to stay. The property includes a two car garage for more potential rental income(it is not currently rented, it is empty.) Upgrades include a new roof (4 years old), new hardwood floors, all new hot water tanks within the last 3 years, a new electrical panel and HVAC(3 years), new appliances in each apartment and more. All the units are in great shape and are in need of nothing. The 4 units generate $2,200 per month and the commercial space rents for $1,500 per month. The commercial tenant is the owner and he will vacate the space when the building sells. The building is being sold "as-is" as everything has been updated. This building has previously passed an inspection. Bring your experience and get the rents it deserves.
Exterior Features

Architectural Style OtherFourplex Construction Materials Brick Garage YN Yes Lot Features Near Public TransitResidential Lot Parking Features GaragePavedTwo Or More Spaces Road Frontage Type City Street Roof AsphaltOtherSee Remarks Waterfront YN No

Interior Features

Appliances Gas Water Heater Basement Full Fireplace YN No Fireplaces Total 0 Flooring HardwoodTileVaries Heating GasForced AirHot Water Heating YN Yes

Property Features

Listing Terms CashConventional Possession Close Of Escrow Property Sub Type Multi Family Rent Includes Water Sewer Connected Special Listing Conditions Standard Tax Annual Amount 5287 Utilities Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater Connected Water Source ConnectedPublic

Chautauqua-Cattaraugus Board Of Realtors logo Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing provided by Thomas Tarry Jr of Nexthome Cny Realty : 315-567-4663.
©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor TLC Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than TLC Real Estate LLC are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-06-30T09:14:06.143.
 
https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_S1412628-2.jpg https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_S1412628-2.jpg https://bt-photos.global.ssl.fastly.net/rochester/orig_boomver_1_S1412628-2.jpg
Logo
TLC Real Estate LLC
253 State St
Carthage NY, 13619