Standardized Operating Procedure of Purchase

Unbeatable location for this University Hill investment property! Just a short walk to Syracuse University, this well-maintained property offers two up-and-down apartments, each featuring 2 bedrooms, 2 full bathrooms, a large living room, and separate utilities. In addition, there is a huge finished third floor with vaulted ceilings, abundant natural light, and hardwood floors, providing valuable bonus space. Total finished living area is approximately 2,900 square feet. Both apartments are rented through May 2027, providing immediate and stable income. The property includes two sets of washers and dryers, off-street parking in the driveway, additional parking behind the house, and separate utilities for each unit. Major updates include two furnaces approximately 8 years old and a roof approximately 22 years old. The house has maintained a Certificate of Suitability since 2009 and has been listed in the City of Syracuse Rental Registry since at least 2009. Lovingly maintained by the current owners for 35 years, this is only the third ownership of the property since it was built in 1911. The combination of location, condition, off-street parking, separate utilities, and long-standing compliance with City rental requirements may provide future upside potential for rental income. A rare opportunity to own a well-cared-for income-producing property in an exceptional location close to Syracuse University, hospitals, downtown Syracuse, and neighborhood amenities.