11 Beds
7,966 SqFt
11 Beds
7,966 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,966 sqft
Price per Sqft $50
MLS Listing ID S1680291
Bedrooms 11
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $14,232
Lot Size 6,599 Sqft
Acres 0.1515
Lot Dimensions 50X132
Property Sub-Type Other
Property Description
The owner has made significant improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. All 9 renovated units are currently occupied, providing immediate cash flow while still offering additional upside potential for investors looking to further increase value and maximize returns.
There is excellent opportunity to increase monthly income by bringing all 11 units to market rent, renting the garage and driveway spaces separately, and reducing operating expenses.
The building is equipped with 24/7 video surveillance cameras. A property caretaker/security manager lives on site and is an added benefit for landlords. The property is currently operating with higher-than-average management and maintenance expenses that could potentially be reduced significantly by a more hands-on owner or operator.
Whether you are looking to expand your portfolio or step into a stabilized multifamily investment with additional value-add potential, this property presents an attractive opportunity with strong existing income and future upside.
Financials, rent roll, and additional property information available upon request.
Location
State NY
County Onondaga
Area Syracuse City-311500
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard
Flooring Hardwood, Varies, Vinyl
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Exterior
Exterior Feature Blacktop Driveway
Garage Spaces 1.0
Community Features None
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Porch Open, Porch
Garage Yes
Building
Lot Description Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Aluminum Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-007-000-0012-016-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1680291
Nearby Locations
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