25029 Woolworth St

Price: $850,000
Down Payment: $350,000 -
Seller Financing: $500,000 at 6% interest 2nd 2 lien, 20-year amortization with a 5-year balloon payment.
$350,000 down, $40,000 finder's ARV (After Repair Value): $1,700,000
 Rental Income Potential: Gross rents $18,000/month (Annual: $216,000) long-term rentals
 Property Highlights: Former school building with large adaptable spaces.
Located near Fort Drum Military Base, ensuring strong rental demand.
Planned Conversion: 16–18 apartments (studios, 1-bedroom, and 2-bedroom units with 1 bath each). 
Additional Features: Large gym, laundry facility, café.
Large lot with potential to add a storage facility.
Improved Income Streams: Rental units + added amenities. 
 Investment Highlights: Monthly Cash Flow: $8,504/month
 Net Operating Income (NOI): $145,044/year
 Cash-on-Cash Return (CoC ROI): 11.94%
 Pro Forma Cap Rate: 8.53%
 Purchase Cap Rate: 17.06%
 Renovation Details: Projected Renovation Cost: $400,000–$500,000
Completed Renovation Work: Approximately $500,000 worth of work already completed.
 alohasyd@gmail.com