Closed

$225,000

705 Oak St, Syracuse, NY 13203

6beds

4,254sqft

Quadruplex, Multi Family

Built in 1930

-- sqft lot

$272,900 Zestimate^®

$53/sqft

$1,552 Estimated rent

Home value

$272,900

$240,000 - $306,000

$1,552/mo

Zestimate^® history

Owner options

List your home for rent

$1,552/mo

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$1,552/mo

Rent Zestimate^®

Refinance and save

$1,360/mo

Est. payment

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$1,360/mo

Est. payment

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What's special

New plumbingBrand new roof

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Gas, Forced Air

Appliances

Included: Gas Water Heater

Features

Flooring: Hardwood, Luxury Vinyl, Varies
Basement: Full
Has fireplace: No

Interior area

Total structure area: 4,254
Total interior livable area: 4,254 sqft

Property

Parking

Parking features: Gravel

Features

Levels: Two
Stories: 2

Lot

Size: 7,361 sqft
Dimensions: 80 x 92
Features: Residential Lot

Details

Parcel number: 31150001500000120290000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex, Multi Family

Materials

Shake Siding

Condition

Resale
Year built: 1930

Utilities & green energy

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

Community & neighborhood

Location

Region: Syracuse
Subdivision: Syracuse

Other

Other facts

Listing terms: Cash,Conventional

Price 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