302 Main St, Theresa, NY

House

Other

Listed price in listed location currency (USD).

$215,000

500

MLS® S1682928

Overview

Key Facts

Type

Levels Residential Income

Size 5988 sqft

Garage

Taxes $2,374

Days Active 42

Lot Size

Approx. Age 1880

Avg. Price Per Sqft $35

MLS® Number S1682928

Property Address: 302 Main St, Theresa, NY, 13691-3085

Average square foot calculated using Size range provided by listing agent.

Description

Looking to invest in Northern NY? This 5-unit apartment building in the Village of Theresa is a solid income-producing opportunity, conveniently located close to Fort Drum, Watertown, and Alexandria Bay. The building features four 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. All units are currently occupied, with one becoming available in a month or two. At current rents, the property can generate approximately $3, 400/month — over $40, 800 annually — with tenants responsible for their own electric. The Village of Theresa benefits from municipal power, helping to keep utility costs low for the owner. The seller has invested in extensive updates throughout, including new siding on most of the exterior, new flooring in all units, updated kitchens, new windows and doors in most units, fresh paint throughout, and refreshed bathrooms. Tenants enjoy access to on-site coin-operated laundry and ample parking. The property also includes a detached garage and a storage shed, both in need of work but offering real upside potential. The garage could be restored back into a usable garage, converted into additional rental units, or repurposed for an extra business! An added bonus, the sellers will consider owner financing! Don't miss this cash-flowing North Country investment!

MLS® NumberS1682928

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1880

BasementExterior Entry, Walk Up Access

DrivewayThree Or More Spaces, No Garage

Garage Spaces

HeatElectric, Baseboard

A/C

Extras

Map

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