For Sale - North Syracuse 2-family/Duplex Colonial in quiet neighborhood in N. Syracuse School District. Turn Key opportunity!! • House on a dead-ended street (so the only traffic is from the people that live on the street) • 1,764 Sq. ft. (bottom Apt = 864 sq. ft., Upper Apt = 900 sq. ft.) • 2 separate driveways (i.e. Off-Street parking) • All utilities are separate • All appliances come with the house - 2 washers - 2 dryers - 2 hot water tanks - 2 new high-efficiency gas furnaces - 2 refrigerators - 2 stoves • Vinyl Siding = No Maintenance • Very large backyard with locked shed • 30 year roof has only 12 years use so 18 year remaining! • Quick/Easy access to all major highways; walking distance to Village of North Syracuse (Library, Diner, Ice Cream, etc.) Financials: • Rents - $800/upper (adjust rent when lease expires to generate Cap Rates @ 9 10%) - $725 Lower (adjust rent when lease expires to generate Cap Rates @ 9 10%) - $18,300/yr. of Rental Income (will jump to $21,600 when leases expire) • Current Cap Rate 7.0% at Listing Price (future CAP rate = 9-10% potential) • Taxes o County = $1,403.10 o School = $2,460.79 o Village = $1,096.23 • Water Bill = $42/qtr. • Insurance = $600 - $800 depending on Insurer/Coverage Other Information: • This property will not last long! Owner selling to invest in larger properties • Fully Rented with solid Tenant base for years with low turnover • Apartments always rent within days of listing; Very easy to rent; typically get 35+ inquiries in first few days • Turn Key Opportunity!! Enjoy IMMEDIATE CASH FLOW right out of the gate as no maintenance is required • Take advantage of lowest interest rates of all time! • Please schedule showings by texting or calling Sam @ 315.604.0856 • Originally an owner-occupied property and has been with the same owner for 25 years because it has done nothing but produce cash $$$ • This is a great opportunity for an investor or an owner-occupied - in either case, tenant(s) will pay your mortgage for you
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