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POWERED BY PURLIN.AI

114 Freeman Ave

geddes, NY 13209

$1,450,000

  • 10 BR
    approx. 10,928 SF

Interested? Let's Connect

Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned Solvay Electric. With strong fundamentals, thoughtful upkeep, and long-term appreciation potential, this property presents a rare opportunity to acquire a performing asset with plenty of room to grow. The hands-on owner of this well-maintained package has 55 years of experience owning and managing over 100 units. He has decided to move on to new projects, presenting an excellent opportunity for the new owner.

Details

10,928 Sq Ft

4,800 Sq Ft Lot Size

investment

$18,152 Annual Tax

Built in 1910

MLS/Listing ID S1656385

2 Stories

10 Units

Amenities & Features

Electric Range

Electric Oven

Coin-operated

Lot - Rectangular Lot

Lot - Near Public Transit

Parking - One Space

Parking - No Garage

Thermal Windows

Dishwasher

Community - Storage Facilities

Community - Laundry Facilities

Construction - Vinyl Siding

Construction - Frame

Construction - Copper Plumbing

Construction - Brick

Cooling - Zoned

Cooling - Ceiling Fans

Vinyl

Hardwood

Carpet

Heating - Zoned

Heating - Electric

Heating - Baseboard

Windows

Lighting

Appliances

Storage

Cathedral Ceilings

Common Area

Electric Water Heater

Refrigerator

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 114 Freeman Ave?