NOT LISTED FOR SALE
2 Beds
1 Bath
5,643 Sq Ft
0.42 Acres

Last Sold July 28, 2021

Last sale price $170,000 $30 Per Sq Ft

7 Days on Market

Highlights

  • 0.42 Acre Lot
  • Wall to Wall Carpet
  • Multiple Heating Units
  • Forced Air Cooling System

About This Home

As of July 2021

This is the high cashflow money-maker you’ve been waiting for! This turnkey 4-unit on the Northside of Syracuse with long-term tenants offers double digit cap rates. Invest with peace of mind knowing the roof was replaced in 2012, 3 furnaces are brand new, and a new Certificate of Compliance was issued by the city of Syracuse in 2020. Utilities are separately metered so tenants pay their own gas and electricity. Apartments are spacious and have been updated over the last few years featuring new kitchens, bathrooms, and flooring throughout. Three apartments are rented to long-term tenants who are current on rent and the 4th unit is being left vacant for the new owner to occupy or rent themselves. The property also includes off street parking and a detached garage which the owner can use for storage or additional rental income.

Last Agent to Sell the Property

Christopher Newman

Listing by Acropolis Realty Group LLC License #10301218603 Listed on: 04/22/2021

Acropolis Realty Group LLC

Last Buyer's Agent

Christopher Newman

Listing by Acropolis Realty Group LLC License #10301218603 Listed on: 04/22/2021

Acropolis Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,059

Year Built

  • Built in 1940

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 198 x 92

Home Design

  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 5,643 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Garage
  • Driveway

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Available
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 13
  • Assessor Parcel Number 311500-002-000-0022-013-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,059

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Syracuse City-311500
  • Total Assessed Value: 95000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 198
  • Lot Dimension Front: 92
  • Lot Information: Neighborhood Street
  • Lot Number: 13
  • Nearest Cross Street: Spring St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 406504.07
  • Ratio Close Price By Sq Ft: 30.13
  • Ratio List Price By Acres: 430176.95
  • Ratio List Price By Sq Ft: 31.88
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1629
  • Sub Board Code: Syracuse
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 18216
  • Age of Building: 82
  • Year Built: 1940
  • Directions To Property: Turtle
  • Sq Ft Total Pub: 5643
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Basement Description: Exterior Walkout, Full
  • Floor Description: Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 5643

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.4182

Garage/Parking

  • Number of Electric Meters: 4
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 311500-002-000-0022-013-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 5059

MLS Schools

  • School District Name: Syracuse

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
07/28/2021 07/28/21 Sold $170,000 -5.5% $30 / Sq Ft
04/29/2021 04/29/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $179,900 +43.9% $32 / Sq Ft
01/24/2019 01/24/19 Sold $125,000 -3.8% $22 / Sq Ft View Prior Sale
01/22/2019 01/22/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $130,000 +30.0% $23 / Sq Ft
03/29/2018 03/29/18 Sold $100,000 +0.1% $18 / Sq Ft View Prior Sale
12/10/2017 12/10/17 Pending -- -- --
12/05/2017 12/05/17 For Sale $99,900 0.0% $18 / Sq Ft
01/08/2014 01/08/14 Rented $625 0.0% --
12/18/2013 12/18/13 Under Contract -- -- --
12/02/2013 12/02/13 For Rent $625 0.0% --
05/24/2012 05/24/12 Sold $38,000 -35.6% $10 / Sq Ft View Prior Sale
03/14/2012 03/14/12 Pending -- -- --
09/28/2011 09/28/11 For Sale $59,000 -- $16 / Sq Ft
Source: Central New York Information Services

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central New York Information Services

MLS Number: S1331580

Central New York Information Services