632 & 626 State Highway 11C Winthrop, NY 13697

Features

• Price/sqft: $74
• Total Units: 13
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Heating: Natural Gas

Facts

• Year Built: 01/01/1950
• Property ID: 998962066
• MLS Number: 51138
• Property Type: Other
• County: SAINT LAWRENCE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Excellent Investment Opportunity Fully Occupied 13-Unit Multifamily on Corner Lot Welcome to this outstanding investment opportunity featuring two multifamily buildings with a total of 13 fully rented units, situated on a corner lo. This well-maintained property offers a strong rental history, consistent income, and a projected capitalization rate of approximately 11% at the current listing pricemaking it a smart, low-risk addition to any investors portfolio. Recent updates by the current owners include a new rubber roof and new hot water heater at the 626 building, along with renovations to approximately half of the units, enhancing overall tenant satisfaction and reducing maintenance costs. The parking areas have been expanded and upgraded to accommodate tenants and guests with ease. With all units currently rented and improvements already completed, this property presents immediate cash flow and minimal upfront work. Whether youre a seasoned investor or new to multifamily real estate, this turnkey property is an exceptional opportunity in a growing market. Don't miss this chance to add a high-performing asset to your real estate portfolio. Schedule your private showing today! Additional notes: There are 8 electric meters, 6 of the apartments pay their own electric. All other utilities are covered by the building owner.