Paddock Street Apartments

Location: 3 Paddock Street, Massena NY
Square Footage: 10,168
15 total units
Built in 1955
Lot size: 100×100 plus side lot 50×50
Block construction: 12″ lower 8″ upper, concrete with steel reinforced 6″ fireproof floor between upper and lower level
Small storage room 16×22 plus patio on slab on 50×50 side lot
Ground level apartments added in 1965

Current Income/Expense Summary:
- Gross Annual Rental Income 2020: $94,500
- Operating Expenses: $62,900
- Net Operating Income: $31,600
- Asking Price: $300,000
- Est. 2020 Taxes: $10,214
- Cap Rate .11 or 11%