Enormous potential awaits you in this rare 4-unit property. Close to shopping, downtown Syracuse, numerous parks and bus lines, this conveniently located property contains 3 1BR /1BA apartments and 1 2BR /1BA apartment (each with separate gas/electric meters) plus off-street parking and a 2-car garage. The property features mulitple upgrades including: new roof (December 2019), new furnace (2019, Apt.#2); new hot water tank, toilet & 2 new windows (2016, Apt.#3), new bathroom sink/toilet (2017, Apt.#4); fully remodeled bathroom, including plumbing (2017, Apt.#1); new kitchen floor & 3 new windows (2019, Apt.#1); new gas stove (2020, Apt.#4); new refrigerators (2018, Apt.#3 & 2020, Apt.#1). Soffit/fascia was repaired in 2020 and aluminum siding was repaired in 2019. A Certificate of Compliance was issued in June 2019. Property taxes are just under $3,150/year. Apts. #2 and 4 are vacant and will remain vacant for now for ease of showing. Apt.#2 needs work, but even when factoring the cost of renovations this investment property still yields 10+% cap rate when fully occupied. Property will be sold "as is".
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
