$150,000
$160,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
5,124 SqFt
SOLD DATE : 08/09/2021
Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,124 sqft
Price per Sqft $29
MLS Listing ID S1334518
Sold Date 08/09/21
Style Fourplex
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $4,713
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 66X99
Property Sub-Type Multi Family
Property Description
Investors, roll up your sleeves! This brick mixed-use property on the Northside is a great opportunity to build “sweat equity” in a solid building that is already cashflowing. The storefront was renovated in 2018 and is rented to a barber shop for $850/mo on a long-term lease until 2028. Apartment 2 is a 1-bedroom unit with updated kitchen, bathroom, and hardwood floors rented for $650/mo. Apartment 3 needs some minor TLC and is being left vacant; it features 2 spacious bedrooms, hardwood floors throughout, and newer appliances. Apartment 4 has been framed in for a 2-bedroom floorplan but has yet to be completed – the current owner has obtained a permit from the city for construction and most building material is already onsite. The property is situated on a large double-wide lot with a partially fenced-in side yard which can be utilized for additional parking. This is also a great candidate for an FHA 203k renovation loan – finance your rehab costs while living in one apartment for free and collecting rent!
Location
State NY
County Onondaga
Area Syracuse City-311500
Direction Pond St
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Hardwood, Laminate, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Fence
Fence Partial
Utilities Available Cable Available, Sewer Connected, Water Connected
Roof Type Flat
Building
Lot Description Near Public Transit, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Brick,PEX Plumbing
Construction Status Existing
Schools
School District Syracuse
Others
Tax ID 311500-007-000-0033-021-001-0000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
Special Listing Condition Standard
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Bought with Acropolis Realty Group LLC
Broker Associate | License ID: 10301219405
+1(315) 430-0030 | celeste.ccgrealty@gmail.com