NOT LISTED FOR SALE
-- Bed
-- Bath
3,234 Sq Ft
8,258 Sq Ft Lot

Last Sold December 02, 2021

Last sale price $91,700 $28 Per Sq Ft

35 Days on Market

Highlights

  • 0.19 Acre Lot
  • Forced Air Cooling System
  • Multiple Heating Units
  • Woodwork
  • Property is near bus stop

About This Home

As of December 2021

This is part of the package of 13-unit total including 1106 Butternut (6-unit w/one-bedroom each) 1104 Butternut Street (4-unit w/2 two-bedroom, 2 one-bedroom) as well as 1102 Butternut (2-family w/3-bedroom, 4-bedroom) Rear of 1102 1/2 Butternut Street for 2-bedroom single family. Total income of $110,580. Recent improvement including new roof, new flooring, some updated kitchens & bathrooms. It has updated Certificate of Compliance 3-year ago. Great income producer and easy to manage as they are right next to one another. Fully rented and approximately 14% cash on cash return.

Last Agent to Sell the Property

Susan Li

Listing by Coldwell Banker Prime Prop,Inc License #30LI0956504 Listed on: 03/03/2021

Coldwell Banker Prime Prop,Inc

Last Buyer's Agent

Susan Li

Listing by Coldwell Banker Prime Prop,Inc License #30LI0956504 Listed on: 03/03/2021

Coldwell Banker Prime Prop,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,384

Year Built

  • Built in 1890

Lot Details

  • 8,258 Sq Ft Lot
  • Lot Dimensions are 200 x 41

Parking

  • No Driveway

Home Design

  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 3,234 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Laminate Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Location

  • Property is near bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Available
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 43
  • Assessor Parcel Number 311500-015-000-0001-043-000-0000
  • $24 special tax assessment

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $2,800
  • Gross Income $31,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,384

Year Built

Built in 1890

Lot Details

8,258 Sq Ft Lot

Listing Details

  • Annual Operating Expenses: 2800
  • Annual Special Assessment: 24
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 60000
  • Foundation Description: Stone
  • Gross Annual Income: 31560
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 200
  • Lot Dimension Front: 41
  • Lot Information: Near Bus Line
  • Lot Number: 43
  • Nearest Cross Street: Spring St
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 483649.79
  • Ratio Close Price By Sq Ft: 28.35
  • Ratio List Price By Acres: 632911.39
  • Ratio List Price By Sq Ft: 37.11
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1029
  • Sub Board Code: Syracuse
  • Tax Information: Taxes include Special Assessments
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8258
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: From Lodi St. to Butternut St.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Laminate-Some
  • Total Sq Ft: 3234

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1896

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: No Driveway

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-015-000-0001-043-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3384

MLS Schools

  • School District Name: Syracuse
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $91,700 -23.6% $28 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $120,000 -- $37 / Sq Ft
Source: Central New York Information Services

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,670 $60,000 $12,000 $48,000
2023 $1,679 $60,000 $12,000 $48,000
2022 $1,723 $60,000 $12,000 $48,000
2021 $1,723 $60,000 $12,000 $48,000
2020 $1,755 $60,000 $12,000 $48,000
2019 $1,742 $60,000 $12,000 $48,000
2018 $1,742 $60,000 $12,000 $48,000
2017 $1,663 $60,000 $12,000 $48,000
2016 $1,681 $60,000 $12,000 $48,000
2015 -- $60,000 $12,000 $48,000
Source: Public Records

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Map

Source: Central New York Information Services

MLS Number: S1321279

Central New York Information Services
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