Seller's Agent in 2024
Dante Belmonte
Hunt Real Estate
(315) 794-1522
21 in this area
379 Total Sales
309 Curtis St Syracuse, NY 13208
Northside Neighborhood
12
Beds
--
Bath
7,360
Sq Ft
8,000
Sq Ft Lot
Highlights
- 0.18 Acre Lot
- Baseboard Heating
- Wood Siding
About This Home
As of April 2024Rare opportunity to own a 12-unit apartment building fully occupied with zero delinquency. This property has been completely renovated and is being sold at a 10.50% cap rate. Current ownership has spent significant capital renovating every unit, installing a new master boiler system, new mechanicals, exterior porches, exterior siding and much more. All units are on individual leases backed by Catholic Charities through the Refugee Resettlement Program for guaranteed rental income. Even if a unit is vacant, Catholic Charities will still pay rent on it producing rent 100% of the time with zero delinquency or vacancy. This is a very easy property for the Property Manager to manage so they would like to stay on in the event that the new owner is in need of a great property manager. Each unit has their own electric meter and pays their own electric. Property is on master boiler, Landlord pays for water/sewer and heat.
Last Agent to Sell the Property
Listing by Hunt Real Estate ERA License #10401323828 Listed on: 03/08/2024
Last Buyer's Agent
Listing by Hunt Real Estate ERA License #10401323828 Listed on: 03/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,458
Year Built
- Built in 1965
Lot Details
- 8,000 Sq Ft Lot
- Lot Dimensions are 80x100
Home Design
- Wood Siding
Interior Spaces
- 12 Bedrooms
- 7,360 Sq Ft Home
- 3-Story Property
- Walk-Out Basement
Kitchen
- Gas Oven
- Gas Range
Parking
- No Garage
- Driveway
Utilities
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Rent includes heat, hot water, snow removal, trash collection, water
- Tax Lot 7
- Assessor Parcel Number 311500-009-000-0011-007-000-0000
Community Details
Overview
- 12 Units
- Gilbert Subdivision
Building Details
- Operating Expense $48,085
- Gross Income $127,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 8, 2024
Closed on
Apr 5, 2024
Sold by
Bought by
Seller's Agent
Dante Belmonte
Hunt Real Estate ERA
Buyer's Agent
Dante Belmonte
Hunt Real Estate ERA
List Price
$699,990
Sold Price
$695,000
Premium/Discount to List
-$4,990
-0.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
0.0694%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Feb 13, 2023
Closed on
Jun 6, 2023
Sold by
Bought by
Seller's Agent
Valerie Morris
Adolfi Real Estate, Inc.
Buyer's Agent
Valerie Morris
Adolfi Real Estate, Inc.
List Price
$549,900
Sold Price
$470,000
Premium/Discount to List
-$79,900
-14.53%
Views
192
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.31%
Original Mortgage
$100,000
Interest Rate
0.0635%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 1, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
0.028%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 18, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
0.0414%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $695,000 | Misc Company | ||
| $470,000 | None Available | ||
| $418,000 | None Available | ||
| $380,000 | F. Paul Vellano, Jr. |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $522,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $281,250 | ||
| Previous Owner | $304,000 | ||
| Previous Owner | $304,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/09/2024 04/09/24 | Sold | $695,000 | -0.7% | $94 / Sq Ft | |
| 03/08/2024 03/08/24 | For Sale | $699,990 | +48.9% | $95 / Sq Ft | |
| 06/06/2023 06/06/23 | Sold | $470,000 | -14.5% | $64 / Sq Ft | View Prior Sale |
| 02/23/2023 02/23/23 | Pending | -- | -- | -- | |
| 02/13/2023 02/13/23 | For Sale | $549,900 | -- | $75 / Sq Ft |
Source: Central New York Information Services
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,200 | $296,000 | $18,000 | $278,000 |
| 2024 | $7,278 | $296,000 | $18,000 | $278,000 |
| 2023 | $7,006 | $266,000 | $18,000 | $248,000 |
| 2022 | $7,181 | $266,000 | $18,000 | $248,000 |
| 2021 | $7,181 | $266,000 | $18,000 | $248,000 |
| 2020 | $6,715 | $266,000 | $18,000 | $248,000 |
| 2019 | $12,232 | $215,000 | $18,000 | $197,000 |
| 2018 | $6,658 | $215,000 | $18,000 | $197,000 |
| 2017 | -- | $215,000 | $18,000 | $197,000 |
| 2016 | $6,164 | $195,000 | $18,000 | $177,000 |
| 2015 | -- | $195,000 | $18,000 | $177,000 |
| 2014 | -- | $195,000 | $18,000 | $177,000 |
Source: Public Records
Agents Affiliated with this Home
-
Dante Belmonte
-
Valerie Morris
Seller Co-Listing Agent in 2024
Valerie Morris
Adolfi Real Estate, Inc.
(315) 561-3106
9 in this area
185 Total Sales
Map
Source: Central New York Information Services
MLS Number: S1525078
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