503 West Street

Carthage, NY 13619

House is in need of complete renovation. Most of the demo has been done down to the studs. The house is set up as a 4-family residence. Projected gross rents for this property are $3,500-4,500. It is ready for you to apply your imagination. Within walking distance of the Carthage business district. This property 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#: S1628327) - 272 State Street (MLS#: S1622915) - 32451 Co. Rt. 179 (MLS#: S1621333) - 100 Main Street (MLS#: S1622905) - 15243 County Route 11 (MLS#: S1622909) - THE MLS AND TAX MAP NUMBERS MUST BE INCLUDED ON ALL PURCHASE OFFERS

Listing courtesy of Robert Morris of Howard Hanna Real Estate 3156222111



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