$130,000
$139,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
2 Baths
1,992 SqFt
SOLD DATE : 08/14/2024
Key Details
Sold Price $130,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,992 sqft
Price per Sqft $65
MLS Listing ID S1538659
Sold Date 08/14/24
Style Duplex
Bedrooms 7
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,616
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33X132
Property Sub-Type Multi Family
Property Description
With nearly $32,000 gross income and no rent collection hassles, this is the stabilized, high-cashflow 2-family property you've been looking for. No matter what metric you use: cash on cash return, cap rate, monthly cashflow, this property is a winning turnkey investment. Both units are rented to vetted sec. 8 tenants, rent is direct deposited on the 3rd of every month with the tenant share paid separately and promptly. The 1st floor apartment features 4 bedrooms and is leased for $1,356/mo and the 2nd floor has 3 bedrooms and is leased for $1,300/mo, gas and electricity are separately metered and are the tenants' responsibility. This high cashflow/high income addition to your portfolio can be combined with 710 E Laurel St for over $56,000 annual rent, or further combined with 325 Liberty St for over $128,000 in income per year! Opportunities like this sell quick so do not hesitate, further details and analysis available upon request.
Location
State NY
County Onondaga
Area Syracuse City-311500
Direction Lakeview Ave
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Building
Lot Description Near Public Transit, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Aluminum Siding,Steel Siding,Copper Plumbing
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-109-000-0007-030-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Integrated Real Estate Ser LLC
Broker Associate | License ID: 10301219405
+1(315) 430-0030 | celeste.ccgrealty@gmail.com