607 Budd St - Carthage Portfolio
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607 Budd St - Carthage Portfolio
11 Unit Apartment Building Offered at $750,000 at a 8.67% Cap Rate in Carthage, NY 13619
Executive Summary
This portfolio represents a rare opportunity to acquire a value-add multifamily asset with both short-term improvements and long-term development potential. Its location near a strong economic driver, Fort Drum, ensures sustained demand, making it an ideal investment for value-focused investors seeking high-growth opportunities.
Value-Add Opportunity:
Two additional units are nearing completion, enhancing the immediate cash flow potential. Additionally, a vacant village lot adjacent to the property, which previously housed a 4-unit building, provides significant development upside.
Located in the heart of Carthage, NY, just 15 minutes from Fort Drum Military Base and 20 minutes from Watertown City, this 11- unit portfolio offers exceptional investment potential. The properties are situated in a desirable area with proximity to major employment hubs, retail, and essential services.
Value-Add Opportunity:
Two additional units are nearing completion, enhancing the immediate cash flow potential. Additionally, a vacant village lot adjacent to the property, which previously housed a 4-unit building, provides significant development upside.
Located in the heart of Carthage, NY, just 15 minutes from Fort Drum Military Base and 20 minutes from Watertown City, this 11- unit portfolio offers exceptional investment potential. The properties are situated in a desirable area with proximity to major employment hubs, retail, and essential services.
Property Facts
| Price | $750,000 | No. Units | 11 |
| Price Per Unit | $68,182 | Property Type | Multifamily |
| Sale Type | Investment | Average Occupancy | 81% |
| Cap Rate | 8.67% | No. Stories | 1 |
| Gross Rent Multiplier | 6.2 | Year Built | 1980 |
| Price | $750,000 |
| Price Per Unit | $68,182 |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| Gross Rent Multiplier | 6.2 |
| No. Units | 11 |
| Property Type | Multifamily |
| Average Occupancy | 81% |
| No. Stories | 1 |
| Year Built | 1980 |
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607 Budd St - Carthage Portfolio
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