Standardized Operating Procedure of Purchase

Value-Add Multifamily | Conversion Opportunity | 2,800 SF

Exceptional opportunity to acquire a 2,800 sq/ft duplex with significant upside potential in the City of Syracuse. Formerly configured as a 4-unit property, this asset presents a prime value-add play for investors looking to maximize cash flow through reconfiguration and renovation.

Currently set up as a 2-unit property, the building is underutilized with only 2 bedrooms total, but offers a clear path to restore or reconfigure into a 4-unit layout or optimize into two large 4-bedroom units.

Investment Highlights
2,800 sq/ft duplex (former 4-unit)

Strong value-add / repositioning opportunity

Separate gas & electric meters

Low taxes

Ability to convert back to 4 units or optimize layout

Projected market rent of ~$3,700/month as two 4-bed units

Ideal for BRRRR, flip, or long-term hold strategy

Value-Add Potential
With the right renovation plan, this property can be transformed into a high-performing asset. Whether restoring the original 4-unit configuration or creating larger, high-rent units, investors have multiple exit strategies.

Condition
Full renovation required

Perfect for experienced investors or contractors looking to force appreciation

Location
Conveniently located on Lakeview Ave with close proximity to downtown Syracuse, major employers, and transportation corridors—supporting strong rental demand.

Summary:

A rare chance to unlock hidden value in a large multifamily footprint. With proper execution, this property has the potential to deliver strong cash flow and long-term equity growth