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.
10,928 Sq Ft
4,800 Sq Ft Kích thước lô
đầu tư
1.513 US$ Thuế hàng tháng
Được tích hợp sẵn 1910
MLS/Mã danh sách S1680169
2 Câu chuyện
10 Căn hộ
Cửa sổ nhiệt
Community Sewer
Nước
Public Water
Construction - Frame
Construction - Copper Plumbing
Construction - Brick
Cooling - Zoned
Cooling - Ceiling Fans
Vinyl
Gỗ cứng
Thảm
Heating - Zoned
Heating - Electric
Heating - Baseboard
Windows
Chiếu sáng
Thiết bị gia dụng
Lưu trữ
Trần nhà thờ
Khu vực chung
Hoạt động bằng tiền xu
Lot - Rectangular Lot
Lot - Near Public Transit
Parking - One Space
Parking - No Garage
Tủ lạnh
Bình nước nóng điện
Bếp điện
Lò nướng điện
Máy rửa chén
Community - Storage Facilities
Community - Laundry Facilities
Construction - Vinyl Siding
TỔNG CHI PHÍ HÀNG THÁNG
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