Standardized Operating Procedure of Purchase

Newly renovated 4-family house on a large corner lot in Theresa. This house underwent a full interior and exterior renovation in 2024 at a cost of $148,500. There are three 2-bedroom apartments and a 1-bedroom all returning excellent market rate rents. The tenants pay all utilities except for sewer and water. Thee is a coin-op laundry available for the tenants, which provides additional income. Tenants do not have access to the shed. Gross rents are $42,300 and the property generates excellent cash flow and return on investment after expenses. This is also an excellent opportunity for an owner-occupant who wants to live in one of the apartments and have the rents from the other apartments pay your mortgage. Adding to the potential for the property is a low inventory of local rental units. Conveniently located 20 minutes from Watertown and 25 minutes from Fort Drum.