NOT LISTED FOR SALE

122 Reed Ave Unit 24 Syracuse, NY 13207

Southside Neighborhood

Estimated Value: $152,000 - $168,000

6 Beds
2 Baths
2,572 Sq Ft
$61/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $145,000 $56 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $981/month

27 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of June 2024

Great rental history with this solid-performing 2-family property and fully occupied property with month-to-month tenants. Enormous potential for increased cashflow. Also great for owner occupants - let the rent pay your mortgage! Apt.#2 hot water tank was replaced in 2024. The front porch was rehabbed in 2022. Apt.#2 bathroom was rehabbed in 2024. Existing roof was installed in 2013. This property features a spacious backyard, off-street parking, and large apartments (1,200+ sq.ft.). INVESTOR ALERT: build an instant portfolio by purchasing this property as a package with 309 Woodruff Avenue (MLS #S1523994) and 273 N. Collingwood (MLS #S1523993)

Last Agent to Sell the Property

Tony D'Anzica

Listing by DynaMax Realty, Inc. License #31DA1119388 Listed on: 03/09/2024

Co-Listed By

Christine Billings

Listing by DynaMax Realty, Inc. License #10401293419

Last Buyer's Agent

Chanel Turnquest

Listing by eXp Realty License #10301218983

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,717

Year Built

  • Built in 1915

Lot Details

  • 5,280 Sq Ft Lot
  • Lot Dimensions are 40x132

Parking

  • Paved Parking

Home Design

  • Duplex
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,572 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes common area maintenance, gardener, trash collection, water
  • Tax Lot 9
  • Assessor Parcel Number 311500-088-000-0004-009-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $21,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,717

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Common Area Maintenance, Gardener, Trash Collection, Water
  • Year Built: 1915
  • Unit: 24
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Co List Office Mls Id: DYNA01
  • Co List Office Phone: 315-299-3326
  • Directions: From Velasko Road (near Bellevue Country Club) go north and take a right onto Bellevue Avenue and then another right onto Reed Avenue. House is on the right.
  • Architectural Style: Duplex
  • Flooring: Ceramic Tile, Hardwood, Other, See Remarks, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1212
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing

Garage/Parking

  • Parking Features: Paved, One Space

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-088-000-0004-009-000-0000
  • Lot Dimensions: 40X132
  • Lot Size Sq Ft: 5280.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 21300.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 3717.0
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
Jun 13, 2024
Sold by
Ramirez Michael L and Ramirez Diana
Bought by
Dacosta-Rattigan Sarah E and Rattigan Shane R
Seller's Agent
Tony D'Anzica
DynaMax Realty, Inc.
Buyer's Agent
Chanel Turnquest
eXp Realty
List Price
$145,000
Sold Price
$145,000
Views
75
Current Estimated Value
$156,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,851
Avg. Annual Appreciation
6.77%
Original Mortgage
$108,750
Outstanding Balance
$107,600
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$49,251

Purchase Details

Closed on
Aug 23, 2006
Sold by
Atlantic Bayside
Bought by
Ramirez Michael L and Ramirez Diana

Purchase Details

Closed on
Mar 10, 2006
Sold by
Kimbrough Harriet
Bought by
Atlantic Bayside Llc

Purchase Details

Closed on
Apr 19, 1995
Sold by
Shockey Randy M
Bought by
Kimbrough Harriet
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dacosta-Rattigan Sarah E $145,000 None Available
Ramirez Michael L $79,900 Robert Oleary
Ramirez Michael L $79,900 Robert Oleary
Atlantic Bayside Llc $13,250 Gary H Collison
Atlantic Bayside Llc $13,250 Gary H Collison
Kimbrough Harriet $82,900 --
Kimbrough Harriet $82,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dacosta-Rattigan Sarah E $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $145,000 0.0% $56 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
03/09/2024 03/09/24 For Sale $145,000 -- $56 / Sq Ft
Source: Central New York Information Services

Tax History Compared to Growth

Source: Public Records

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 -- $77,300 $10,500 $66,800
2023 $1,534 $77,300 $10,500 $66,800
2022 $1,563 $77,300 $10,500 $66,800
2021 $1,563 $77,300 $10,500 $66,800
2020 $1,627 $77,300 $10,500 $66,800
2019 $3,667 $77,300 $10,500 $66,800
2018 $1,624 $77,300 $10,500 $66,800
2017 $1,562 $77,300 $10,500 $66,800
2016 $1,585 $77,300 $10,500 $66,800
2015 -- $77,300 $10,500 $66,800
2014 -- $77,300 $10,500 $66,800
Source: Public Records

Agents Affiliated with this Home

  • Tony D'Anzica

    Seller's Agent in 2024

    Tony D'Anzica

    DynaMax Realty, Inc.

    (315) 299-3326

    8 in this area

    35 Total Sales

    Tony D'Anzica
    Section Image
  • Christine Billings

    Seller Co-Listing Agent in 2024

    Christine Billings

    DynaMax Realty, Inc.

    (315) 430-2364

    2 in this area

    19 Total Sales

    Christine Billings
    Section Image
  • Chanel Turnquest

    Buyer's Agent in 2024

    Chanel Turnquest

    eXp Realty

    (315) 403-1876

    5 in this area

    11 Total Sales

    Chanel Turnquest
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1523992

Central New York Information Services

APN: 311500-088-000-0004-009-000-0000

New York Onondaga County Syracuse 13207 Southside

122 Reed Ave Unit 24, Syracuse, NY

This home is located at 122 Reed Ave Unit 24, Syracuse, NY 13207 since 09 March 2024 and is currently estimated at $156,851, approximately $60 per square foot. This property was built in 1915. 122 Reed Ave Unit 24 is a home located in Onondaga County with nearby schools including Bellevue Elementary School, Westside Academy at Blodgett, and Most Holy Rosary School.

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