Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
Closed
Zillow last checked:
Listing updated:
Bought with:
Igor Smetanin, 10401382144
SAP Real Estate Group, LLC
Source: NYSAMLSs,MLS#: S1533912
Originating MLS: Syracuse
Originating MLS: SyracusePrice history
| Date | Event | Price |
|---|---|---|
| 7/23/2024 | Sold | $225,000+2.3%$53/sqft |
Source:  NYSAMLSs #S1533912 Report a problem | ||
| 4/25/2024 | Contingent | $219,900$52/sqft |
Source: NYSAMLSs #S1533912 Report a problem | ||
| 4/24/2024 | Listed for sale | $219,900$52/sqft |
Source: NYSAMLSs #S1533912 Report a problem | ||
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$269,500
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+$5,390
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$274,890
