Standardized Operating Procedure of Purchase

Investors, this is a true value-add opportunity in Syracuse with a clear path to profit.

This 7,500 sq ft, 6-unit property features six 2-bedroom, 1-bath apartments and has already seen significant capital improvements, including updated electrical and plumbing systems. The heavy lifting has been done. What remains is the interior build-out and final finishes, including interior completion, giving the next owner the ability to step in and drive the final phase of the project.

Each unit offers a strong 2-bedroom layout in a market with consistent rental demand. Utilities are separately metered, including water, helping to control operating expenses. Laundry hookups are already in place, creating additional income potential.

Projected gross rental income is approximately $108,000 annually at stabilization. This is not a turnkey property. It is a project with a defined scope and a clear path to value for an investor willing to execute.