1133 State St, Watertown, NY 13601

Description

Exceptional opportunity to own one of the nicest multi-family investment properties in the City of Watertown! This impressive 4-unit apartment building offers strong rental income, excellent square footage at 5640, and a rare oversized 0.45-acre city lot that feels even larger in person. The building is huge! Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success.

The building features a total of 8 bedrooms and 4 bathrooms, including two spacious 3-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Hardwood flooring throughout much of the property adds character and charm. All units are currently occupied with a solid friendly tenant base generating approximately $3,950 per month in rental income. One downstairs 1-bedroom unit is expected to become vacant at the end of June, creating a potential owner-occupancy opportunity for buyers utilizing FHA or VA financing. A laundry common area at the front of the building add comfortable convenience for all tenants.

An additional standout feature is the huge detached garage space located at the rear of the property, offering excellent storage, workshop potential, or additional leasable income possibilities. Multi-family properties of this caliber rarely become available in Watertown. Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success.
Whether you are looking to expand your investment portfolio or occupy one unit while generating income from the others, this property deserves serious attention.