Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
S1533912
Single Family, Multi-Family, 2 Story
6
Onondaga
4 Full
1930
0.169
Acres
Connected,Public
2
Other
Connected
4,254
Sq. Ft.
Syracuse
School Information
Syracuse
Bathrooms
4
Total:4
Interior Features
- Appliances
- Gas Water Heater
- Flooring
- Hardwood, Varies
- Heating
- Gas Heat. Forced Air.
- Basement
- Full
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces. Gravel.
- Exterior
- Other
- Lot Dimensions
- 80x92
- Structural Condition
- Resale
- Additional Exterior/Lot Features
- Residential Lot.
Financial Considerations
311500-015-000-0012-029-000-0000
$3,348
Cash, Conventional
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