8/151/9-11 Spring State Aurelius St Auburn, NY 13021
Estimated payment $3,438/month
Highlights
- 0.5 Acre Lot
- Baseboard Heating
- Rectangular Lot
- Wood Flooring
- 2 Car Garage
About This Home
Investor opportunity: 6 units across 3 buildings totaling over 7,500 sq. ft. of rental space, all conveniently located near shopping, amenities, and public transit. Properties are being sold as-is and are currently undergoing light cosmetic updates due to tenant turnover—offering immediate upside potential. Conservative gross rent projection is $7,750/month, with high-performance planning up to $9,950/month. Significant value-add potential through strategic management and lease restructuring. Some tenants may be open to new lease terms or transitioning out, allowing for fresh agreements at market rates. Strong CAP rate, equity growth potential, and long-term ROI make this an ideal addition to any investment portfolio. Don’t miss this chance to acquire three buildings in a growth market. Full financials and additional details available for qualified buyers.
Listing Agent
Listing by Lake Country Real Estate License #10301201805 Listed on: 06/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,487
Year Built
- Built in 1890
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 100x400
- Rectangular Lot
- 115.44-1-16.1, 115.41-2-32
Parking
- 2 Car Garage
Home Design
- Vinyl Siding
Interior Spaces
- 7,588 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 11 Bedrooms
- 4 Full Bathrooms
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Tax Lot 40
- Assessor Parcel Number 050100-115-043-0001-040-000-0000
Community Details
Overview
- 4 Units
- 6-Story Property
Building Details
- 6 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,486 | $63,800 | $9,800 | $54,000 |
| 2023 | $1,486 | $63,800 | $9,800 | $54,000 |
| 2022 | $1,535 | $63,800 | $9,800 | $54,000 |
| 2021 | $1,480 | $54,000 | $8,500 | $45,500 |
| 2020 | $1,461 | $54,000 | $8,500 | $45,500 |
| 2019 | $459 | $54,000 | $8,500 | $45,500 |
| 2018 | $1,444 | $54,000 | $8,500 | $45,500 |
| 2017 | $1,480 | $54,100 | $9,000 | $45,100 |
| 2016 | $2,167 | $54,100 | $9,000 | $45,100 |
| 2015 | $857 | $54,100 | $9,000 | $45,100 |
| 2014 | $857 | $54,100 | $9,000 | $45,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | For Sale | $600,000 | -- | $79 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $50,000 | Daniel Testa | |
| Warranty Deed | $50,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | Seller Take Back |
Source: Central New York Information Services
MLS Number: S1608424
APN: 050100-115-043-0001-040-000-0000
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