Newly renovated 4-family house on a large corner lot in Theresa. This house underwent a full interior and exterior renovation in 2024 at a cost of $148,500. There are three 2-bedroom apartments and a 1-bedroom all returning excellent market rate rents. The tenants pay all utilities except for sewer and water. Thee is a coin-op laundry available for the tenants, which provides additional income. Tenants do not have access to the shed. Gross rents are $42,300 and the property generates excellent cash flow and return on investment after expenses. This is also an excellent opportunity for an owner-occupant who wants to live in one of the apartments and have the rents from the other apartments pay your mortgage. Adding to the potential for the property is a low inventory of local rental units. Conveniently located 20 minutes from Watertown and 25 minutes from Fort Drum.
3,106 Sq Ft
7,770 Sq Ft Lot Size
multi family
$285 Monthly Tax
Built in 1850
MLS/Listing ID S1676637
2 Stories
4 Units
Construction - Vinyl Siding
Construction - Copper Plumbing
Cooling - Ceiling Fans
Laminate
Stone
Heating - Electric
Heating - Baseboard
Parking - Twoor More Spaces
Parking - Paved
Parking - Gravel
Membrane
Rubber
Community Sewer
Water
Style - Fourplex
Lot - Rectangular Lot
Common Area
Pull Down Attic Stairs
Electric Water Heater
Public Water
TOTAL MONTHLY COST
$0
$0
$0