Super unique opportunity to own a 5-unit apartment building in the Eastwood neighborhood of Syracuse only minutes from Destiny USA, downtown Syracuse, major retail & restaurants. Take over this property from a long term landlord who has maintained the building but has never raised rents. Each unit is roughly $150-$250 below market rate. The roof is only 12 years old and 4 of the 5 units have undergone mild renovations to modernize the units. All of the units are 2 bedroom/1 bathroom units. 4 of the tenants have a separate meter for gas/electric and pays their own utilities with exception of water/sewer & boiler heating which is responsibility of the landlord. 1 unit is on the house meter and their rent includes heat, gas/electric & water/sewer. There is one boiler that heats all 5 units but it has 5 zones so each unit can control their heat temperature. Each unit has their own individual hot water tank which 4 of 5 of them are newer. This property includes a coin operated washer & dryer which brings roughly an additional $100/month.
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.
