Exceptional opportunity just minutes from Syracuse University. This two-unit multifamily offers tremendous upside for owner-occupants or student housing investors. Each unit features 3 bedrooms and 1 full bathroom, spacious layouts, full kitchens, third floor bonus rooms and strong rental potential. The property needs TLC but provides a chance to add value and significantly increase income in a prime rental corridor. Ability to convert to two 5 bedroom 2 bath unit with increased capital expenditures.
Currently a 6-bedroom, 2-bath 2 unit property. The unfinished attic space offers expansion potential to increase density to a 5 bed 3 bath apartment, subject to permits. Please see conceptual floor plans.
Per the architect’s conceptual drawings (see attached), the total square footage could be 4,200 square feet.
Directions: Located on East Genesee Street in between Walnut and University Ave.
Property Details
Property Id: 569657
Price: $ 499,000
Property Size:3,108.00 ft2
Property Lot Size:0.10 ac
Bedrooms: 6
Bathrooms: 2
Architectural Style: Duplex
Basement: Full
Bathrooms Full: 2
Bathrooms Total: 2
Bedrooms Total: 6
Building Sq Ft Total: 3108
Directions: Located on East Genesee Street in between Walnut and University Ave.
Elementary School District: Syracuse
Flooring: Hardwood, Tile, Varies
Heating: Gas, ForcedAir
High School District: Syracuse
Latitude: 43.047199
Levels: Two
List Office Name: CNY Broker LLC
List Office Phone: 315-551-2998
List Price: 499000
Listing Id: S1662221
Living Sq Ft: 3108
Longitude: -76.133286
Lot Features: Rectangular, RectangularLot, ResidentialLot
Acres: 0.096
Lot Acres: 0.096
Lot Dimensions: 38X110
Middle School District: Syracuse
Status: Active
Operating Expense Includes: Other, SeeRemarks
Patio & Porch Features: Covered, Porch
Photos: 48
Possession: CloseOfEscrow
Postal City: Syracuse
Zip Code: 13210
Description: Exceptional opportunity just minutes from Syracuse University. This two-unit multifamily offers tremendous upside for owner-occupants or student housing investors. Each unit features 3 bedrooms and 1 full bathroom, spacious layouts, full kitchens, third floor bonus rooms and strong rental potential. The property needs TLC but provides a chance to add value and significantly increase income in a prime rental corridor. Ability to convert to two 5 bedroom 2 bath unit with increased capital expenditures.
Currently a 6-bedroom, 2-bath 2 unit property. The unfinished attic space offers expansion potential to increase density to a 5 bed 3 bath apartment, subject to permits. Please see conceptual floor plans.
Per the architect’s conceptual drawings (see attached), the total square footage could be 4, 200 square feet.
Rent Includes: Heat, HotWater, Other, SeeRemarks
Road Frontage: CityStreet, MainThoroughfare
Roof: Asphalt
StateOrProvince: NY
Stories: 2
Street Prefix: E
Street Name: Genesee
Street Number: 1115
Street Number Numeric: 1115
Street Suffix: Street
Total Taxes: 3908
Assessed Value: 80000
Tenant Pays: AllUtilities
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1920
YearBuiltDetails: Existing
Amenities and Features
Other Features
Basement Y/N 1
GasWaterHeater
Has Heating System
Map
Courtesy Of : CNY Broker LLC
315-551-2998
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Edelweiss Properties Realtors, LLC are marked with the IDX logo and include the Listing Brokerage’s Name and Phone Number.
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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