The Green Street portfolio in the historic Hawley-Green Neighborhood. A rare opportunity to own 4 buildings all next to one another. This portfolio consists of 21 total apartments for a price of $2,100,000. All 21 units are fully rented producing $290,000 in annual income with a path to produce $over $330,000 with minimal work. Units primarily consist of 2-bedrooms with several 1 & 3 bedrooms being offered. The average monthly rent is $1,100 while the market average rent for 2-bedrooms in this neighborhood is closer to $1,400 per unit per month. The portfolio is being offered at an attractive 9.6% cap rate. Properties included 200-202 Green St (AKA 200 Howard, 4-units), 203 Green St. (5-units), 206 Green St. (6-units) & 207 Green St. (6-units). Many upgrades throughout. Each tenant pays their own gas/electric while landlord pays for water/sewer, and exterior maintenance. Add this great and rare opportunity to your portfolio today!
Lot Features: Rectangular, RectangularLot, ResidentialLot
Acres: 0.2
Lot Acres: 0.2
Lot Dimensions: 66X132
Middle School District: Syracuse
Status: Active
Operating Expense Includes: WaterSewer
Photos: 7
Possession: CloseOfEscrow
Postal City: Syracuse
Zip Code: 13203
Description: The Green Street portfolio in the historic Hawley-Green Neighborhood. A rare opportunity to own 4 buildings all next to one another. This portfolio consists of 21 total apartments for a price of $2, 100, 000. All 21 units are fully rented producing $290, 000 in annual income with a path to produce $over $330, 000 with minimal work. Units primarily consist of 2-bedrooms with several 1 & 3 bedrooms being offered. The average monthly rent is $1, 100 while the market average rent for 2-bedrooms in this neighborhood is closer to $1, 400 per unit per month. The portfolio is being offered at an attractive 9.6% cap rate. Properties included 200-202 Green St (AKA 200 Howard, 4-units), 203 Green St. (5-units), 206 Green St. (6-units) & 207 Green St. (6-units). Many upgrades throughout. Each tenant pays their own gas/electric while landlord pays for water/sewer, and exterior maintenance. Add this great and rare opportunity to your portfolio today!
Rent Includes: Water
Road Frontage: CityStreet
Roof: Asphalt
StateOrProvince: NY
Stories: 2
Street Name: Green
Street Number: 207
Street Number Numeric: 207
Street Suffix: Street
Total Taxes: 9569
Assessed Value: 185000
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1900
YearBuiltDetails: Existing
Amenities and Features
Other Features
Basement Y/N 1
BlacktopDriveway
GasWaterHeater
Has Heating System
SeeRemarks
Virtual Tour
Map
Courtesy Of : Hunt Real Estate ERA
315-682-7197
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All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the Listing Brokerage nor Edelweiss Properties Realtors, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All rights reserved.
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