NOT LISTED FOR SALE

136 Lakeview Ave Syracuse, NY 13204

Park Ave Neighborhood

Estimated Value: $139,392 - $203,000

7 Beds
2 Baths
1,992 Sq Ft
$83/Sq Ft Est. Value

Last Sold August 14, 2024

Last sale price $130,000 $65 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $972/month

11 Days on Market

Highlights

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

About This Home

As of August 2024

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.

Last Agent to Sell the Property

Christopher Newman

Listing by Acropolis Realty Group LLC License #10301218603 Listed on: 05/19/2024

Acropolis Realty Group LLC

Last Buyer's Agent

Kristi Croniser

Listing by Hunt Real Estate ERA License #10301220858

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,616

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132

Parking

  • Paved Parking

Home Design

  • Duplex
  • Stone Foundation
  • Aluminum Siding
  • Steel Siding
  • Copper Plumbing

Interior Spaces

  • 1,992 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 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

  • Rent includes gardener, water
  • Tax Lot 30
  • Assessor Parcel Number 311500-109-000-0007-030-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $5,800
  • Gross Income $31,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,616

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Gardener, Water
  • Year Built: 1910
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Lakeview Ave
  • Architectural Style: Duplex
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 7
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Copper Plumbing
  • Foundation Details: Stone

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: 311500-109-000-0007-030-000-0000
  • Lot Dimensions: 33X132
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 31872.0
  • Annual Operating Expense: 5800.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2616.0
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2024
Closed on
Aug 12, 2024
Sold by
Declos Katherine Ann Est and Duclos
Bought by
Pillar Re P Inc
Seller's Agent
Christopher Newman
Acropolis Realty Group LLC
Buyer's Agent
Kristi Croniser
Hunt Real Estate ERA
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Views
18
Current Estimated Value
$166,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,098
Avg. Annual Appreciation
19.43%

Purchase Details

Closed on
Sep 18, 2007
Sold by
Treehouse Investments
Bought by
Duclos Katherine Ann

Purchase Details

Closed on
Aug 10, 2007
Sold by
Sanfilippo Mark
Bought by
Treehouse Investents

Purchase Details

Closed on
Feb 7, 2002
Sold by
Carr John W
Bought by
Sanfilippo Mark
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pillar Re P Inc $130,000 None Available
Duclos Katherine Ann -- --
Duclos Katherine Ann -- --
Treehouse Investents $31,000 Philip Dunham
Treehouse Investents $31,000 Philip Dunham
Sanfilippo Mark $20,000 Michael J Kawa
Sanfilippo Mark $20,000 Michael J Kawa
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2024 08/14/24 Sold $130,000 -7.1% $65 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/19/2024 05/19/24 For Sale $139,900 -- $70 / 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 $1,220 $50,000 $6,900 $43,100
2023 $1,231 $50,000 $6,900 $43,100
2022 $1,204 $50,000 $6,900 $43,100
2021 $1,204 $45,000 $6,900 $38,100
2020 $1,232 $45,000 $6,900 $38,100
2019 $1,223 $45,000 $6,900 $38,100
2018 $1,223 $45,000 $6,900 $38,100
2017 $1,169 $45,000 $6,900 $38,100
2016 $1,183 $45,000 $6,900 $38,100
2015 -- $45,000 $6,900 $38,100
2014 -- $45,000 $6,900 $38,100
Source: Public Records

Agents Affiliated with this Home

  • Christopher Newman

    Seller's Agent in 2024

    Christopher Newman

    Acropolis Realty Group LLC

    (315) 412-1975

    4 in this area

    214 Total Sales

    Christopher Newman
    Section Image
  • Kristi Croniser

    Buyer's Agent in 2024

    Kristi Croniser

    Hunt Real Estate

    (315) 750-8203

    4 in this area

    173 Total Sales

    Kristi Croniser
    Section Image
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Map

Source: Central New York Information Services

MLS Number: S1538659

Central New York Information Services

APN: 311500-109-000-0007-030-000-0000

New York Onondaga County Syracuse 13204 Park Ave

136 Lakeview Ave, Syracuse, NY

Not Listed for Sale

MultiFamily

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