BEDS7
BATHS4 full
SQUARE FEET3,106
MLS#S1676637
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLIndian River
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Sump Pump
Heating: Electric, Baseboard
Home Style: Fourplex
Lot Size: 0.18 Acres
Roof Type: Membrane, Rubber
Stories: 2.0
Taxes: $3,420
Year Built: 1850
Amenities
Ceiling Fan(s)
Pull Down Attic Stairs
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 5
Exterior: Vinyl Siding, Copper Plumbing, PEX Plumbing
Flooring: Laminate, Varies
Laundry: Common Area
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 70X111
Parcel#: 225601-023-080-0002-010-000
Parking: Gravel, Paved, Two or More Spaces
Parking Notes: Gravel, Paved, Two or More Spaces
Sewer: Connected
Units: 4
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Indian River
Listed By / Shown By
Listing By
Agency Name: Howard Hanna Real Estate
Agency Phone: 315-622-2111
Shown By
Agent Name: Chris Lavey
Agent Phone: (716) 480-9507
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 911.79 per month $554.17 Principal & Interest $285.00 Property Tax $72.63 Homeowner's InsuranceChange Payment Information
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100 Main Street | MLS# S1676637
This multi-family property located at 100 Main Street, Theresa, NY 13691 is currently listed for sale with an asking price of $249,000. Main Street is located within the Indian River school district. Search Theresa real estate on www.chrislavey.com today.