**Unpriced** The building is a Romanesque Revival building designed by Archimedes Russell in 1902. Positioned at a prime location near a prominent gateway to Downtown Syracuse, this property offers tenants the advantage of being in proximity to all downtown amenities. The building, comprising 166 Units 175 Rooms Multifamily/SRO, with a projected NOI of $1.103M for 2025. The current owners who were managing for prior ownership have been taking great strides to evict, fix-up, rent vacancies and increase rents to stabilize the asset for a new buyer to value add. The Snowdon is currently 78% occupied. The potential for enhancing value is substantial. By investing approximately $1.5M in renovations, an operator can combine the remaining single rooms, thus augmenting the gross operating income and progressively elevating rents. The current on-site management is open to continuing their roles for a period of transition, further enhancing the appeal of this acquisition. Please contact for full Offering Memorandum and Financials.
11233524
Multi-Family, 3+ Story
Onondaga
1902
1.29
Acres
Public
6
Brick
Public Sewer
65,535
Sq. Ft.
School Information
SYRACUSE CITY SCHOOL DISTRICT
Detailed Room Information
- Laundry
- Common Area
Interior Features
- Flooring
- Hardwood, Vinyl
- Cooling
- Window Unit(s)
- Heating
- Steam. .
- Basement
- Finished, Full
- Additional Interior Features
- Elevator
Exterior / Lot Features
- Exterior
- Brick
- Roof
- Rubber
- Lot View
- City
- Dimensions
- Front - 0
Financial Considerations
103.-03-01.0
$87,573
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