NOT LISTED FOR SALE

125 Forest Ave Syracuse, NY 13205

Brighton Neighborhood

Estimated Value: $105,739 - $144,000

5 Beds
2 Baths
1,824 Sq Ft
$67/Sq Ft Est. Value

Last Sold August 14, 2024

Last sale price $123,000 $67 Per Sq Ft

Current estimated payment $728/month

75 Days on Market

About This Home

As of August 2024

Fantastic Investment Opportunity in Syracuse! Welcome to this recently improved duplex in the heart of Syracuse. With a double-digit cap rate and a 25%+ cash-on-cash return when fully rented, this property offers a lucrative investment opportunity with strong cash flow potential. Whether you're an investor seeking passive income or a “house-hacking” owner-occupant looking to offset mortgage costs, this property boasts recent improvements, including plumbing and floors, making it move-in ready. Residents enjoy easy access to amenities, schools, parks, and major transportation routes, enhancing the property's appeal to potential tenants. Don't miss out on this rare opportunity to own a turnkey duplex with excellent rental income potential. Schedule a showing today and seize the chance to start or expand your real estate investment portfolio!

Last Agent to Sell the Property

Ian Wheatley

Listing by eXp Realty Brokerage Phone: 888-276-0630 License #10401349971 Listed on: 02/22/2024

eXp Realty

Last Buyer's Agent

Mary Secreti

Listing by Howard Hanna Real Estate License #10401220574

Howard Hanna Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,076

Year Built

  • Built in 1930

Lot Details

  • 4,494 Sq Ft Lot
  • Lot Dimensions are 30x149

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 311500-077-000-0021-013-000-0000

Community Details

Overview

  • 2 Units
  • Cathers Tract Subdivision

Building Details

  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,076

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1930
  • Attribution Contact: 888-276-0630
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Cathers Tract
  • Directions: From Salina Street, take W Brighton Ave. Turn right onto Cannon Street. Left onto Forest Ave. First home on our left
  • Flooring: Hardwood, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1032
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Two or More Spaces

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: 311500-077-000-0021-013-000-0000
  • Lot Dimensions: 30X149
  • Lot Size Sq Ft: 4494.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2076.0
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Aug 14, 2024
Sold by
Chowdhury Torab
Bought by
Hayden Joshua M
Seller's Agent
Ian Wheatley
eXp Realty
Buyer's Agent
Mary Secreti
Howard Hanna Real Estate
List Price
$130,000
Sold Price
$123,000
Premium/Discount to List
-$7,000
-5.38%
Views
210
Current Estimated Value
$122,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$565
Avg. Annual Appreciation
-0.33%
Original Mortgage
$114,000
Outstanding Balance
$112,688
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$9,747

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 13, 2023
Sold by
Tiaa Fsb
Bought by
Chowdhury Torab
Seller's Agent
Ben Gray
eXp Realty
Buyer's Agent
Ian Wheatley
eXp Realty
List Price
$23,000
Sold Price
$41,500
Premium/Discount to List
$18,500
80.43%
Views
687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
199.66%

Purchase Details

Closed on
Apr 12, 2023
Sold by
Tiaa Fsb
Bought by
Tiaa Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hayden Joshua M $123,000 None Available
Chowdhury Torab $41,500 None Available
Chowdhury Torab $41,500 None Available
Tiaa Fsb $115,884 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayden Joshua M $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2024 08/14/24 Sold $123,000 -5.4% $67 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $130,000 +213.3% $71 / Sq Ft
08/17/2023 08/17/23 Sold $41,500 +80.4% $23 / Sq Ft View Prior Sale
06/23/2023 06/23/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $23,000 -- $13 / 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 $1,060 $35,000 $2,600 $32,400
2023 $1,064 $35,000 $2,600 $32,400
2022 $1,093 $35,000 $2,600 $32,400
2021 $1,093 $35,000 $2,600 $32,400
2020 $1,109 $35,000 $2,600 $32,400
2019 $1,099 $35,000 $2,600 $32,400
2018 $1,099 $35,000 $2,600 $32,400
2017 -- $35,000 $2,600 $32,400
2016 $1,058 $35,000 $2,600 $32,400
2015 -- $35,000 $2,600 $32,400
2014 -- $35,000 $2,600 $32,400
Source: Public Records

Agents Affiliated with this Home

  • Ian Wheatley

    Seller's Agent in 2024

    Ian Wheatley

    eXp Realty

    (585) 766-8673

    4 in this area

    43 Total Sales

    Ian Wheatley
    Section Image
  • Mary Secreti

    Buyer's Agent in 2024

    Mary Secreti

    Howard Hanna

    (315) 458-9100

    1 in this area

    33 Total Sales

    Mary Secreti
    Section Image
  • Ben Gray

    Seller's Agent in 2023

    Ben Gray

    eXp Realty

    (315) 726-1505

    7 in this area

    329 Total Sales

    Ben Gray
    Section Image
See All Agents

Map

Source: Central New York Information Services

MLS Number: S1522523

Central New York Information Services

APN: 311500-077-000-0021-013-000-0000

New York Onondaga County Syracuse 13205 Brighton

125 Forest Ave, Syracuse, NY

Not Listed for Sale

MultiFamily

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