Off-Market Property Archive

This property is no longer actively listed. Off market since February 11, 2026. Interior photos, property details, and location data are preserved for neighborhood research and comparable analysis.

Last listed at 890,000.00

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25029 Woolworth St, Carthage, NY 13619, USA

$890,000

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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

Loan quote