308 Mullin St, Watertown, NY 13601

Description

Excellent investment opportunity in the heart of Watertown! This well-maintained two-family property offers strong income potential and flexible occupancy options. The first floor features a spacious 3-bedroom, 1-bath unit currently rented for $1,000 per month including utilities. The tenant is a friend of the owner and remains on a month-to-month basis, with rent well below current market value, providing immediate upside for an investor. The second-floor unit offers 4 bedrooms and 1 bath and was previously rented for $1,900 per month through the Jefferson-Lewis Opportunities program, demonstrating excellent rental demand and strong income history. Each unit is served by separate electric meters, making utility management straightforward for future owners. This property has been owner-occupied, contributing to its overall care and condition. Both units include their own side porch for private outdoor space, along with a small, low-maintenance backyard. Off-street parking is available on the right side of the home.
Conveniently located near shopping, restaurants, schools, parks, and Fort Drum, this property is ideally situated to attract long-term tenants. Whether you're expanding your investment portfolio or seeking a multi-family home with exceptional earning potential, this is one you won’t want to miss.