100 Main Street, Theresa, NY

About 100 Main Street

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 3-two bedroom apartments and 1-one bedroom apartment all returning excellent market rate rents. The property is 100% occupied and the tenants pay all utilities except for sewer and water. There is a coin-op laundry available for the tenants. Tenants do not have access to the shed. Gross rents are $42,300 and the property generates generates excellent cash flow and return on investment after expenses. 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. This property will not be sold separately. It is being sold as a part of the Jefferson County Portfolio: JEFFERSON COUNTY INVESTMENT PORTFOLIO A great opportunity to add 27 units to your investment portfolio at once. This portfolio includes a 14-unit, 100% occupied, mixed use property in the middle of the Carthage business district with 4 commercial spaces on the first level and 10 well maintained apartments on the upper 2 floors. Two 4-unit houses and one single family house are included. All of these properties are 100% occupied. Additionally, a 4-family house in Carthage in included. This house is a full renovation project. It has been stripped down to the studs and just awaits your imagination and renovation. These properties have historically been 95-100% occupied generating great consistent cash flow and net cash-on-cash return. The current owner has paid attention to details and has made significant capital improvements over his decade of ownership. This portfolio includes the following properties: - 266-268 State Street (MLS#: S1622918) - 272 State Street (MLS#: S1622915) - 32451 Co. Rt. 179 (MLS#: S1621333) - 100 Main Street (MLS#: S1622905) - 15243 County Route 11 (MLS#: S1622909) - 503 West Street (MLS#: S1622912) THE MLS AND TAX MAP NUMBERS MUST BE INCLUDED ON ALL PURCHASE OFFERS

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