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.
Location
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Courtesy of: NextHome CNY Realty 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 Greater Rochester Association of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2022 GENRIS. All rights reserved Updated: 25th June, 2022 1:42 AM (UTC)
