140 Polk Street

Watertown, NY 13601

$575,000
Price
4
Beds
7,776 Sq. Ft.
$74 / Sq. Ft.
7,776
Sq. Ft.
$74
per Sq. Ft.

Description

Rare opportunity to own a 10 unit apartment building in downtown Watertown. If you have been searching for strong cash flow in our challenging interest rate environment, now is your chance. Well maintained building with very low operating expenses allows for a cap rate that is sure to impress even the most sophisticated investors. Extremely central location in Watertown between Factory and State Streets, with convenient access for tenants to employment, public services, Fort Drum, groceries, restaurants...Rare opportunity to own a 10 unit apartment building in downtown Watertown. If you have been searching for strong cash flow in our challenging interest rate environment, now is your chance. Well maintained building with very low operating expenses allows for a cap rate that is sure to impress even the most sophisticated investors. Extremely central location in Watertown between Factory and State Streets, with convenient access for tenants to employment, public services, Fort Drum, groceries, restaurants and everything else that a strong renter needs. Don’t miss your opportunity to expand your portfolio in a burgeoning market. Call or text today to access property financials, or to schedule a private viewing.
  1. Listed by Noah Taylor • Keller Williams Northern New York
    P: (315)-459-6619 C: (315)-778-6473 noah@taylorbrothersteam.com

Property Details for 140 Polk Street

On Waterfront
No
Parking Description
None, Driveway, No Garage
Nearest Cross Street
State St
LISTING UPDATED: 10/15/2024 10:03 PM

Property Details for 140 Polk Street

StatusActive
MLS #S1572269
Days on Market37
Taxes$6,021 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1987
Lot Size0.26 AC / 11,326 SF
CountyJefferson County

Building Information for 140 Polk Street

Stories2Residences10Year Built1987Building Size-Lot Size0.26 AC / 11,326 SF

Property Information for 140 Polk Street

Summary
Location and General Information
  • Elementary School District: Watertown
  • High School District: Watertown
  • Middle Or Junior School District: Watertown
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Watertown-City-221800
  • Tax Annual Amount: $6,021.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 7776.0
  • Land Features: Near Public Transit
  • Num Of Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Square Feet: 11326.0
  • Lot Size Units: Acres
  • Parcel Number: 221800-006-000-0002-324-001-0000
  • Lot Number: 324
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $216,800
  • Year Built: 1987
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 10
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Other, See Remarks
  • Construction Materials: Brick
  • Exterior Features: Blacktop Driveway
  • Roof Description: Membrane, Other, Rubber, See Remarks
Interior Features
  • Appliances: Built In Range, Built In Oven, Dryer, Gas Water Heater, Refrigerator, Washer
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 4
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Laminate, Tile, Varies, Vinyl
  • Heating: Electric, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 7776.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
  • Operating Expense Includes: Accounting, Insurance, Legal, Maintenance Structure, Maintenance, Professional Management, Trash, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: All Utilities, Common Area Maintenance, Snow Removal, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 140 Polk Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 Polk Street

Taxable ValueLand$8,000Additions$208,800Total$216,800
Home Facts
Total Finished SqFt5,184 SqFtAbove Grade Finished SqFt5,184 SqFtUnfinished Basement SqFt2,592 SqFtStories2Lot Size11,326 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningDCCountyJEFFERSONAPN221800 6-02-324.001

Schools near 140 Polk Street

This home is within Watertown City School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Knickerbocker School
PublicK to 4

Harold T Wiley School
Public5 to 6

Case Middle School
Public7 to 8

Watertown Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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140 Polk Street is a multi-family home for sale in Watertown, NY 13601. This property was listed for sale on October 15, 2024 by Keller Williams Northern New York, it's currently listed at $575,000. It has been on the market for a total of 37 days and was last sold on January 7, 2020. This listing's school district is Watertown City School District. Nearby schools include Knickerbocker School, Harold T Wiley School and Case Middle School. 140 Polk Street is a 4-bed, 0-bath, 7,776 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Northern New York

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.