$405,000
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6 Beds
4,608 SqFt
SOLD DATE : 03/12/2024
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $87
Subdivision Eastview
MLS Listing ID S1515104
Sold Date 03/12/24
Bedrooms 6
Construction Status Existing
HOA Y/N No
Year Built 1960
Annual Tax Amount $7,349
Lot Size 0.343 Acres
Acres 0.3426
Lot Dimensions 84X176
Property Sub-Type Other
Property Description
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.
Location
State NY
County Onondaga
Community Eastview
Area Syracuse City-311500
Rooms
Basement Walk-Out Access
Interior
Heating Gas, Baseboard, Gravity
Flooring Hardwood, Luxury Vinyl, Varies
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature Blacktop Driveway
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Building
Lot Description Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Shake Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-073-000-0025-015-000-0000
Acceptable Financing Cash
Listing Terms Cash
Financing Other,See Remarks
Special Listing Condition Standard
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