Closed

$405,000

544 Valley Dr, Syracuse, NY 13207

6beds

0baths

4,608sqft

Multi Family

Built in 1960

-- sqft lot

$458,400 Zestimate^®

$88/sqft

$1,309 Estimated rent

Home value

$458,400

$399,000 - $518,000

$1,309/mo

Zestimate^® history

Owner options

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$1,309/mo

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$1,309/mo

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$2,888/mo

Est. payment

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$2,888/mo

Est. payment

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What's special

Rare opportunity to own a 6 unit building all under one (new) roof with a 4 car garage for additional income. There are 2 - one bedroom units and 4 - two bedroom units. Each unit has its own boiler, hot water tank and is separately metered for gas and electric. Owner pays water and sewer as well for common area electrical for lighting. Plenty of off-street parking out back. Many upgrades throughout. Building is currently being sold at a 10.35% cap rate based on current income and expenses. 1 bedroom rents currently average $750 with market rents being around $950+. 2 bedroom rents are currently averaging $975 with market rents being around $1,050+. Lots of room for income growth with this property and priced well below replacement cost.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 0

Heating

Gas, Baseboard, Gravity

Appliances

Included: Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Features

Flooring: Hardwood, Luxury Vinyl, Varies
Basement: Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 4,608
Total interior livable area: 4,608 sqft

Property

Parking

Parking features: Three or more Spaces, Driveway

Features

Stories: 3
Exterior features: Blacktop Driveway

Lot

Size: 0.34 Acres
Dimensions: 84 x 176
Features: Residential Lot

Details

Parcel number: 31150007300000250150000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Shake Siding
Roof: Asphalt,Shingle

Condition

Resale
Year built: 1960

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: None
Subdivision: Eastview

Location

Region: Syracuse

Financial & listing details

Price per square foot: $88/sqft
Tax assessed value: $134,000
Annual tax amount: $7,349
Date on market: 1/1/2024
Cumulative days on market: 10 days
Listing terms: Cash

Price history

Date	Event	Price
3/12/2024	Sold	$405,000+62%$88/sqft
Source: NYSAMLSs #S1515104 Report a problem
2/12/2021	Sold	$250,000+177.8%$54/sqft
Source: Agent Provided Report a problem
5/3/2017	Sold	$90,000$20/sqft
Source: NYSAMLSs #S1043033 Report a problem