Rare 4-unit apartment building on Syracuse's Northside. Many large updates to this property recently such as a brand new roof with new decking, 4 new hot water tanks, 4 new furnaces, new plumbing and 5 new electrical panels (5th is for house meter) and many interior updates such as new drywall, paint, flooring, misc kitchen/baths, etc. Each unit is separately metered for gas and electric. Landlord pays water/sewer, tenants pay their own utilities. There are two 2 bedroom units and two 1 bedroom units. 3 units rent for $850 each and the 4th unit rents for $775 a month. Property is the size of a double lot with plenty of parking. Property boasts a 22% cash-on-cash return with 20% down and is currently valued based on an 11.3% cap rate. Come add this property to your portfolio today!
House for sale, 705 Oak Street, Onondaga, NY, in Syracuse, United States
705 Oak St, Syracuse, NY 13203, USA, 705 Oak Street, Onondaga, NY
House with flats • 6 bed. • 4 bath. • 395.21 m² • ref: Q3N42E
ZAR 4,045,747
Spaces
Bedrooms6
Bathrooms4
Surfaces
Living395.21 m²
Land687.97 m²
Internal395.21 m²
705 Oak Street, Onondaga, NY, Syracuse
TypeHouse
Construction year1930
Dante G. Belmonte
HUNT Real Estate ERA
NumberS1533912