5,119 SqFt
5,119 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,119 sqft
Price per Sqft $48
MLS Listing ID S1701105
Construction Status Existing
HOA Y/N No
Year Built 1917
Annual Tax Amount $9,235
Lot Size 0.313 Acres
Acres 0.3127
Lot Dimensions 151X90
Property Description
The building features two spacious residential apartments, including one three-bedroom unit and one four-bedroom unit. Both apartments are fully equipped with appliances, all of which convey with the sale, making this a truly turnkey investment.
The commercial space is occupied by a fully equipped, state-of-the-art three-station hair salon, offering an attractive and modern business environment. All tenants are responsible for paying their own utilities, helping to minimize owner expenses and maximize cash flow.
The property currently generates an impressive annual net operating income (NOI) of $26,966. With rental rates adjusted to current market value, the projected annual NOI exceeds $42,000, presenting an outstanding value-add opportunity for investors seeking immediate income with substantial future growth potential.
Whether you're expanding your investment portfolio or searching for a mixed-use property with strong cash flow and long-term appreciation potential, this property is one you won't want to miss.
Location
State NY
County Cayuga
Area Auburn-050100
Zoning R1
Rooms
Basement Full
Interior
Heating Gas, Other, See Remarks, Baseboard, Forced Air
Cooling Other, See Remarks
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected
Roof Type Asphalt
Total Parking Spaces 4
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Public Sewer
Level or Stories Two
Construction Status Existing
Schools
School District Auburn
Others
Tax ID 050100-115-027-0001-005-001-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1701105
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