508 West Brighton Avenue
Syracuse, NY, 13205
$2,850,000
38 Beds
0 Baths
28,032 SqFt
2.48 Acres
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Welcome to Brighton Place Townhouses! Rare opportunity to own an apartment complex consisting of all 2 bed/1 bath townhome style units. This property has 38 total units and 14 garage bays. All units are identical with a front and back door, main living room with hardwoods and full kitchen on the first floor. Upstairs are the two bedrooms and full bathroom. Each apartment has its own basement, furnace, water tank, gas & electric meter. Tenants pay their own utilities besides water/sewer. Plenty of parking for all residents at this property. Property continues to run at a high occupancy with virtually no vacancy. Property is being offer at $2.85M which is a 10.58% cap rate based on income and expenses. Square footage is from On.gov tax records.

Property Details

Price:
$2,850,000
MLS #:
S1574309
Status:
Active
Beds:
38
Baths:
0
Address:
508 West Brighton Avenue
Type:
Single Family
Subtype:
Other
Subdivision:
West Side
Neighborhood:
Syracuse City-311500
City:
Syracuse
Listed Date:
Oct 28, 2024
State:
NY
Finished Sq Ft:
28,032
Total Sq Ft:
28,032
ZIP:
13205
Lot Size:
107,913 sqft / 2.48 acres (approx)
Year Built:
1945
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Schools

School District:
Syracuse

Interior

Appliances
Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Hardwood, Varies
Heating
Gas, Forced Air

Exterior

Construction Materials
Shake Siding
Exterior Features
Blacktop Driveway
Parking Features
Three Or More Spaces
Roof
Asphalt

Financial

Net Operating Income
$287,150
Taxes
$36,097

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Community

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508 West Brighton Avenue
Syracuse, NY