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%

No land contracts or owner financing. Qualified buyers only.