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!
Property Details
Price:
$219,900
MLS #:
S1533912
Status:
ActiveUnderContract
Beds:
6
Baths:
4
Address:
705 Oak Street
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Syracuse
City:
Syracuse
Listed Date:
Apr 24, 2024
State:
NY
Finished Sq Ft:
4,254
ZIP:
13203
Lot Size:
7,360 sqft / 0.17 acres (approx)
Year Built:
1930
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Schools
School District:
Syracuse
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Hardwood, Varies
Heating
Gas, Forced Air
Exterior
Architectural Style
Fourplex
Construction Materials
Shake Siding
Parking Features
Gravel
Financial
Buyer Agent Compensation
3%
Taxes
$3,348
Map
Community
- Address705 Oak Street Syracuse NY
- CitySyracuse
- CountyOnondaga
- Zip Code13203
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Listing courtesy of Hunt Real Estate ERA,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-07-05.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-07-05.
705 Oak Street
Syracuse, NY
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