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!
Sewer Connected, Water Connected, Water
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Kirnan Real Estate Inc shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 CNYIS, GENRIS, WNYREIS. All rights reserved.