NOT LISTED FOR SALE

Estimated Value: $527,387

-- Bed
-- Bath
18,594 Sq Ft
$28/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $400,000 $22 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,153/month

51 Days on Market

Highlights

  • Property is near public transit
  • Tile Flooring
  • Baseboard Heating
  • Corner Lot
  • Forced Air Heating System
  • 1-minute walk to Elmwood Park

About This Home

As of November 2022

2000 South Ave is a Mixed-Use property that presents itself as a money maker with additional value opportunity. With Potential gross annual rent to be over $95,000 this property carries itself and then some. The Current owner purchased property distressed and has rehabbed common areas and multiple units throughout, added several new water heaters/boilers, re-did rubber roof and shingle roofs, and completed extensive electrical upgrades. The current setup consists of 6 very large residential units (2) –Large Two-bedrooms and (4) Large Three-bedroom units There are 3 commercial spaces at street level. One currently occupied by a thriving convenience store. Separate electric and Gas metering keeps tenants paying for all utilities except water. The property recently brought in $5,000+/mth in gross rent not including the 1 occupied and 2 vacant commercial spaces. This rare property offers lots of potential and ROI.

Last Agent to Sell the Property

Ryan Yamini

Listing by Hunt Real Estate ERA License #10301217122 Listed on: 07/30/2022

Hunt Real Estate ERA

Last Buyer's Agent

Ryan Yamini

Listing by Hunt Real Estate ERA License #10301217122 Listed on: 07/30/2022

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,249

Year Built

  • Built in 1960

Lot Details

  • 4,896 Sq Ft Lot
  • Lot Dimensions are 80x61
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 18,594 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • No Garage
  • Driveway

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 6 Units
  • 7 Separate Gas Meters

Listing and Financial Details

  • Rent includes snow removal, trash collection, water
  • Tax Lot 23
  • Assessor Parcel Number 311500-079-000-0019-023-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,249

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Snow Removal, Trash Collection, Water
  • Year Built: 1960
  • Lot Features: Corner Lot, Other, Near Public Transit, See Remarks
  • Directions: Building located at the corner of South Ave and Glenwood Ave
  • Flooring: Carpet, Laminate, Tile, Varies, Vinyl
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Commercial,Other
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1124
  • Waterfront Features: Other, See Remarks
  • Waterfront: No
  • Construction Type: Brick, Frame, Vinyl Siding, Copper Plumbing
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: None, No Garage

Utilities

  • Heating: Gas, Baseboard, Forced Air, Hot Water
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-079-000-0019-023-000-0000
  • Lot Dimensions: 80X61
  • Lot Size Sq Ft: 4896.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7

Tax Info

  • Tax Annual Amount: 7249.0
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Nov 15, 2022
Sold by
V4 Properties Llc
Bought by
Cuse City Properties Llc
Seller's Agent
Ryan Yamini
Hunt Real Estate ERA
Buyer's Agent
Ryan Yamini
Hunt Real Estate ERA
List Price
$389,900
Sold Price
$400,000
Premium/Discount to List
$10,100
2.59%
Current Estimated Value
$527,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,387
Avg. Annual Appreciation
11.17%
Original Mortgage
$200,000
Outstanding Balance
$194,912
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$332,475

Purchase Details

Closed on
May 7, 2008
Sold by
Salt Springs Properties Inc
Bought by
Bohne Ray

Purchase Details

Closed on
Nov 8, 2006
Sold by
Tarzia Anthony V
Bought by
Salt Springs Proprts Inc

Purchase Details

Closed on
Mar 2, 2004
Sold by
Mahoney Dennis
Bought by
Tarzig Anthony
Source: Public Records

Range of Values:

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Average Value
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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
Cuse City Properties Llc $400,000 None Available
Bohne Ray $32,000 Sam Beardsley
Bohne Ray $32,000 Sam Beardsley
Salt Springs Proprts Inc -- --
Salt Springs Proprts Inc -- --
Tarzig Anthony $85,000 Lawrence Young
Tarzig Anthony $85,000 Lawrence Young
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuse City Properties Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $400,000 +2.6% $22 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $389,900 +136.3% $21 / Sq Ft
12/18/2017 12/18/17 Sold $165,000 -13.2% $9 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
07/05/2017 07/05/17 Price Changed $190,000 -4.5% $10 / Sq Ft
05/21/2017 05/21/17 Price Changed $199,000 -11.6% $11 / Sq Ft
03/20/2017 03/20/17 For Sale $225,000 -- $12 / 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 -- $160,000 $28,100 $131,900
2023 $4,253 $160,000 $28,100 $131,900
2022 $4,027 $160,000 $28,100 $131,900
2021 $4,027 $130,000 $28,100 $101,900
2020 $4,087 $130,000 $28,100 $101,900
2019 $3,071 $130,000 $28,100 $101,900
2018 $3,059 $50,000 $28,100 $21,900
2017 $1,903 $50,000 $28,100 $21,900
2016 $2,121 $50,000 $28,100 $21,900
2015 -- $50,000 $28,100 $21,900
2014 -- $50,000 $28,100 $21,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1415037

Central New York Information Services

APN: 311500-079-000-0019-023-000-0000