NOT LISTED FOR SALE

901 Danforth St Syracuse, NY 13208

Washington Square Neighborhood
5 Beds
-- Bath
3,893 Sq Ft
3,960 Sq Ft Lot

Last Sold January 25, 2024

Last sale price $185,000 $48 Per Sq Ft

21 Days on Market

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • Vinyl Flooring

About This Home

As of January 2024

Rare opportunity to own a cash flowing 5-unit apartment building on a nice corner lot. All units are 1 bedroom, 1 bathroom and have their own electric meter, gas meter and hot water tank. Units 1, 3 & 5 share a furnace. Unit 2 & 4 have their own furnace. 1 unit is vacant (unit 4), renovated and ready for a tenant but has been left vacant for showing purposes. There is a hardwired some detector system throughout the entire building. This property also has a 6th gas and electric house meter for common areas and the one shared furnace. Property manager would like to continue to manage this asset after closing since it is so easy to manage if you need a property manager. Electrical boxes in pictures are fuses but are being changed out to updated circuit breakers. Each unit is on its own electric meter. Seller pays all electric but bills can easily be put in the tenants names. Please reach out for financials to show all rents and expenses.

Last Agent to Sell the Property

Dante Belmonte

Listing by Hunt Real Estate ERA License #10401323828 Listed on: 10/25/2023

Hunt Real Estate ERA

Last Buyer's Agent

Itay Sapir

Listing by SAP Real Estate Group, LLC License #10491211535

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,311

Year Built

  • Built in 1940

Lot Details

  • 3,960 Sq Ft Lot
  • Lot Dimensions are 60x66

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 5 Bedrooms
  • 3,893 Sq Ft Home
  • 3-Story Property
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 21
  • Assessor Parcel Number 311500-006-000-0018-021-000-0000

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Gas Meters
  • Operating Expense $17,411
  • Gross Income $40,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,311

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Rooming House
  • Property Type: Multi Family
  • Rent Includes: Water
  • Year Built: 1940
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Varies, Vinyl
  • Garage Yn: Yes
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 5
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.0909
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Two Spaces, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-006-000-0018-021-000-0000
  • Lot Dimensions: 60X66
  • Lot Size Sq Ft: 3960.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 40185.0
  • Annual Operating Expense: 17411.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 6311.0
  • Tax Lot: 21

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2024 01/25/24 Sold $185,000 -11.9% $48 / Sq Ft
11/07/2023 11/07/23 Price Changed $209,900 -8.7% $54 / Sq Ft
10/25/2023 10/25/23 For Sale $229,900 -- $59 / Sq Ft
Source: Central New York Information Services

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dante Belmonte

    Seller's Agent in 2024

    Dante Belmonte

    Hunt Real Estate

    (315) 794-1522

    19 in this area

    370 Total Sales

    Dante Belmonte
    Section Image
  • Itay Sapir

    Buyer's Agent in 2024

    Itay Sapir

    SAP Real Estate Group, LLC

    (315) 440-4292

    5 in this area

    89 Total Sales

    Itay Sapir
    Section Image
See All Agents

Map

Source: Central New York Information Services

MLS Number: S1505894

Central New York Information Services
New York Onondaga County Syracuse 13208 Washington Square

901 Danforth St, Syracuse, NY

Not Listed for Sale

MultiFamily

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