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 six-figure gross rental income annually at stabilization. This is a project with a defined scope and a clear path to value for an investor willing to execute.
7,488 Sq Ft
0.2121 Private Acres Lot Size
investment
$353 Monthly Tax
Built in 1965
MLS/Listing ID S1670019
3 Stories
6 Units
Water Heater
Electric Water Heater
Construction - Vinyl Siding
Heating - Other
Heating - Baseboard
Lot - Rectangular Lot
Parking - Two Spaces
Parking - No Garage
Community Sewer
Water
Public Water
TOTAL MONTHLY COST
$0
$0
$0