NOT LISTED FOR SALE
-- Bed
-- Bath
4,554 Sq Ft
5,227 Sq Ft Lot

Last Sold October 10, 2014

Last sale price $82,000 $18 Per Sq Ft

161 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Heating System Uses Gas
  • Full Attic

About This Home

As of October 2014

CASH COW! Well maintained and ALWAYS RENTED!! Great investment property close to inner harbour and Destiny USA project as well as downtown and hospitals. Building has 4 units with long term tenants (vacancy filled quickly by local organization). Cap rate of close to 12%. New furnace and two new boilers. Owner currently pays for heat. Off street parking for 4+ cars. $26,400 Gross Annual Rental income at 100% occupancy.

Last Agent to Sell the Property

Bill Carroll

Listing by Real Broker NY LLC License #40CA0943190 Listed on: 03/23/2014

Last Buyer's Agent

Joseph C. Scordo

Listing by Howard Hanna Real Estate License #40SC1149248

Howard Hanna Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,521

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 119 x 45

Home Design

  • Frame Construction

Interior Spaces

  • 4,554 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Range Hood

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum
  • Laminate
  • Tile

Attic

  • Full Attic
  • Unfinished Attic

Parking

  • No Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Rent includes heat, lawn maintenance, snow removal, water
  • Assessor Parcel Number 311500-009-000-0002-035-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $7,700
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,521

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Age: 74
  • Annual Operating Expenses: 7700
  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 60000
  • Gross Annual Income: 24000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 119
  • Lot Dimension Front: 45
  • Lot Information: Neighborhood Street
  • L P Per Acre: 770833.3300
  • List Price per Sq Ft: 20.3118
  • Nearest Cross Street: Mary St.
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 683333.33
  • Ratio Close Price By Sq Ft: 18.01
  • Ratio List Price By Acres: 770833.33
  • Ratio List Price By Sq Ft: 20.31
  • Regional Board Code: Syracuse
  • Regional Board Number: 6390
  • Rent Includes: Heat, Lawn Maintenance, Snow Removal, Water
  • School Tax: 1041
  • Sale Price List Price: 0.8864
  • S P Per Acre: 683333.3300
  • S P Per Sq Ft: 18.0100
  • Sub Board Code: Syracuse
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 92500.00
  • Year Built Description: Existing
  • Age of Building: 82
  • Year Built: 1940
  • Directions To Property: North Salina St. to Mary St. to left on Lilac - property on right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1940

Interior Features

  • Attic Description: Full, Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Linoleum/Vinyl, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Electric-Some, Range Hood-Exhaust Fan
  • Number of Rooms: 16
  • Total Sq Ft: 4554

Exterior Features

  • Construction: Aluminum/Steel, Frame, Wood
  • Number of Acres: 0.1200

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-009-000-0002-035-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 3521

MLS Schools

  • School District Name: Syracuse
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/10/2014 10/10/14 Sold $82,000 -28.4% $18 / Sq Ft
08/31/2014 08/31/14 Pending -- -- --
03/23/2014 03/23/14 For Sale $114,500 -- $25 / 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 $2,120 $70,000 $15,400 $54,600
2023 $2,128 $70,000 $15,400 $54,600
2022 $2,186 $70,000 $15,400 $54,600
2021 $2,186 $70,000 $15,400 $54,600
2020 $2,095 $70,000 $15,400 $54,600
2019 $3,648 $60,000 $15,400 $44,600
2018 $2,074 $60,000 $15,400 $44,600
2017 $1,974 $60,000 $15,400 $44,600
2016 $1,992 $60,000 $15,400 $44,600
2015 -- $60,000 $15,400 $44,600
2014 -- $60,000 $15,400 $44,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Central New York Information Services

MLS Number: S307346

Central New York Information Services