278 State ST, Watertown-City NY 13601 Photo 1 278 State ST, Watertown-City NY 13601 Photo 2 278 State ST, Watertown-City NY 13601 Photo 3 278 State ST, Watertown-City NY 13601 Photo 4 278 State ST, Watertown-City NY 13601 Photo 5 278 State ST, Watertown-City NY 13601 Photo 6 278 State ST, Watertown-City NY 13601 Photo 7 278 State ST, Watertown-City NY 13601 Photo 8 278 State ST, Watertown-City NY 13601 Photo 9 278 State ST, Watertown-City NY 13601 Photo 10 278 State ST, Watertown-City NY 13601 Photo 11 278 State ST, Watertown-City NY 13601 Photo 12 278 State ST, Watertown-City NY 13601 Photo 13 278 State ST, Watertown-City NY 13601 Photo 14

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278 State ST - 17 unit apt bldg just off Public Square in Watertown. This is a very unique investment property with an excellent rental history & several long-term tenants. Priced to reflect steady 21% ROI. Rent includes all utilities & basic internet. Coin operated laundry & office w/ bathroom on 1st. Consists of 3 separate (adjoining) Brick bldgs with sep boilers, hardwired fire alarm system, & security cameras. Property is very well maintained and has been owned by current sellers since the 1980's. Includes .55 acre parking lot rented to the city who maintains it for public use but it could be developed. Virtual Tour

Listing information

  • MLS® ID: S356985
  • Status: Active
  • New Construction: No
  • Lot Area: 0.59
  • School District: Watertown
  • Style: Other
  • Stories: 3
  • Foreclosure: No
  • Lot Size: 200x170
  • Year Built: 1950
  • Parking Type Description: None 0 cars
  • Total Square Footage: 12,480 ($57.69 per sq. foot)
  • Estimated Annual Taxes: $8,492

Features

Additional Exterior Features Thermal Windows - Some
Additional Interior Features Circuit Breakers - Some, Other - See Remarks
Amenities Included Other - See Remarks
Basement Description Full
Driveway Description Blacktop, Common, Parking Area
Exterior Construction Brick
Floor Description Ceramic-Some, Laminate-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
Heating Fuel Description Gas
HVAC Type Steam
Income/Expense Information May Show Books
Kitchen Equip Appl Included In All Apartments, Refrigerator
Lot Information Near Bus Line, Primary Road
On Waterfront Y/N 0
Operating Expenses Include Electric, Gas/Oil, Insurance, Refuse, Repairs/Maintenance
Other Age - 66, Area NYSWIS Code - Watertown-City-221800, City Village Tax - 2601, First Mortgage Balance - 0, Garage Spaces per Apt - No Garage Spaces, Gross Annual Income - 0, Island Name - Na, Listing Type - Exclusive Right To Sell, Lot Shape - Rectangular, Nearest Cross Street - Union, Num Bedrooms 4th Floor - 0, Num Fireplaces Artificial - 0, Num Fireplaces Freestanding - 0, Num Fireplaces Gas - 0, Num Fireplaces Not Repto Code - 0, Num Fireplaces Other - 0, Num Fireplaces Pellet - 0, Num Fireplaces Total Calculated - 0, Num Fireplaces Woodburning - 0, Num Fireplaces Woodstoves - 0, Num Full Baths 4th Floor - 0, Num Half Baths 4th Floor - 0, Num of 1 Bedroom Apartment - 10, Num of 2 Bedroom Apartment - 1, Num of 3 Bedroom Apartment - 0, Num of Heating Units - 3, Num of Studio Apartments - 6, Parking Spaces per Apt - 1 Space, Property Type - 5 + Unit Apartments, School Tax - 3350, Second Mortgage Home Equity Bala - 0, Supplement Count - 2, Total Num of Apartments - 17, Town County Tax - 2541, Value Range Pricing Y/N - 0, Value Range Search Low Price - 720000.00, Village - Not Applicable, Year Built Description - Existing
Rent Includes Cable TV, Cooking Gas, Electric, Grounds Maintenance, Heat, Hot Water, Refuse Removal, Snow Removal, Water
Roof Description Other - See Remarks
Sewer Description Sewer Connected
Type Other - See Remarks
Type of Sale Normal
Water Heater Fuel Gas
Water Resources Public Connected
Listing Courtesy of Fort Drum Real Estate. Com