497 Newell ST, Watertown-City NY 13601 Photo 1 497 Newell ST, Watertown-City NY 13601 Photo 2 497 Newell ST, Watertown-City NY 13601 Photo 3 497 Newell ST, Watertown-City NY 13601 Photo 4 497 Newell ST, Watertown-City NY 13601 Photo 5 497 Newell ST, Watertown-City NY 13601 Photo 6 497 Newell ST, Watertown-City NY 13601 Photo 7 497 Newell ST, Watertown-City NY 13601 Photo 8

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497 Newell ST - Fabulous opportunity to own this 5 year young apartment building facing the Black River in the city of Watertown. 30 residential units with average rent of $1,000/month - currently over 90% rented. Potential for three commercial/office tenants on lower level. Coin op laundry on premises. Strong demand for rentals from Ft. Drum. Complete turn key building with unlimited potential! Virtual Tour

Listing information

  • MLS® ID: S324509
  • Status: Active
  • New Construction: No
  • Lot Area: 0.75
  • School District: Watertown
  • Style: Other
  • Stories: 3
  • Foreclosure: No
  • Lot Size: 172x115
  • Year Built: 1950
  • Parking Type Description: Garage 0 cars
  • Total Square Footage: 40,632 ($66.33 per sq. foot)
  • Estimated Annual Taxes: $9,223

Features

Available Documents Aerials, Certificate Of Occupancy, Deed, Other - See Remarks
Category Apartments, Commercial, Mixed Use
Heating Fuel Description Electric, Gas
HVAC Type AC-Central, Multi-Zone
Income/Expense Information Provided By Accountants, Tax Return
Living Quarters Description Apartment
Location Other - See Remarks, Residential
On Waterfront Y/N 1
Operating Expenses Include Advertising, Common Fees, Electric, Management, Other - See Remarks, Repairs/Maintenance, Sewer, Snow Plow, Utilities
Other Age - 64, Area NYSWIS Code - Watertown-City-221800, Businessis Franchise Y/N - 0, City Village Tax - 5034, Gross Annual Income - 337716, Living Quarters Y/N - 1, Nearest Cross Street - Howk St., Num Bedrooms 4th Floor - 0, Num Full Baths 4th Floor - 0, Num Half Baths 4th Floor - 0, Num of 1 Bedroom Units - 1, Num of 2 Bedroom Units - 20, Num of Buildings - 1, Num of Residential Units - 30, Office Square Feet - 3600, Property Type - Commercial/Industrial, School Tax - 2431, Second Mortgage Home Equity Bala - 0, Total Num of Units - 33, Town County Tax - 1758, Transaction Type - Sell, Value Range Pricing Y/N - 0, Value Range Search Low Price - 2695000.00, Village - Not Applicable, Waterfront Description - River / Stream / Creek, Waterfront Name - Black River, Year Built Description - Existing, Zoning Code - R-30
Parking Description Surfaced
Property Use Conforming
Roof Description Composition, Rubber Membrane
Sale Includes Equipment, Land and Building, Other - See Remarks
Sewer Water Public Sewer Connected, Public Water Connected
Tenant Pays Electric, Heat, Security
Type Of Building Residential
Type of Sale Normal
Listing Courtesy of Re/Max Masters