325 Liberty St, Syracuse, NY 13204

With $72,000 annual rent and experienced onsite management, this 13-unit SRO property will make an excellent high-cashflow addition to your investment portfolio. No matter what metric you use: cash on cash, cap rate, monthly cashflow, this property is a winning turnkey investment. The building consists of 13 furnished rooms each with a small kitchenette, plus two shared bathrooms. The resident manager has lived onsite for 15+ years and handles most management duties including leasing, rent collection, and minor repairs. The property operates extremely efficiently. Currently fully rented with 100% on-time rent collection. It is a quiet building, mainly rented to long term tenants, some of whom have lived there for over 20 years. Many recent capital improvements including driveway paving (2022), new windows (2022), new roof (2014), and vinyl siding. This has been a profitable investment for the current landlord for many years, but the owner is now retiring, offering a great opportunity to add a high cashflow/low maintenance property to your portfolio. Can be combined with 136 Lakeview Ave for over $104,000/year rent, or further combined with 710 E Laurel St for over $128,000/year.