Investors, this is a true value-add opportunity in Syracuse with a clear path to profit.
This 7,500 sq ft, 6-unit property features six 2-bedroom, 1-bath apartments and has already seen significant capital improvements, including updated electrical and plumbing systems. The heavy lifting has been done. What remains is the interior build-out and final finishes, including interior completion, giving the next owner the ability to step in and drive the final phase of the project.
Each unit offers a strong 2-bedroom layout in a market with consistent rental demand. Utilities are separately metered, including water, helping to control operating expenses. Laundry hookups are already in place, creating additional income potential.
Projected six-figure gross rental income annually at stabilization. This is a project with a defined scope and a clear path to value for an investor willing to execute.
Directions: From Salina St. turn onto Kirk Ave. heading west. Property will be on the right past Landon Ave. From South Ave or Midland Ave. turn onto Kirk Ave. heading east. Property will be on the left past Midland Ave.
Property Details
Property Id: 575131
Price: $ 335,000
Property Size:7,488.00 ft2
Property Lot Size:0.21 ac
Bedrooms: 6
Waterfront Y/N: No
Basement: Full
Bedrooms Total: 6
Building Sq Ft Total: 7488
Community Features: None
Directions: From Salina St. turn onto Kirk Ave. heading west. Property will be on the right past Landon Ave. From South Ave or Midland Ave. turn onto Kirk Ave. heading east. Property will be on the left past Midland Ave.
Elementary School District: Syracuse
Flooring: Other, SeeRemarks
Heating: Other, SeeRemarks, Baseboard
High School District: Syracuse
Latitude: 43.028819
List Office Name: eXp Realty
List Office Phone: 888-276-0630
List Price: 335000
Listing Id: S1670019
Living Sq Ft: 7488
Longitude: -76.151033
Lot Features: Rectangular, RectangularLot
Acres: 0.2121
Lot Acres: 0.2121
Lot Dimensions: 66X140
Middle School District: Syracuse
Status: Active
Operating Expense Includes: Maintenance
Photos: 37
Possession: Closing
Postal City: Syracuse
Zip Code: 13205
Description: Investors, this is a true value-add opportunity in Syracuse with a clear path to profit.
This 7, 500 sq ft, 6-unit property features six 2-bedroom, 1-bath apartments and has already seen significant capital improvements, including updated electrical and plumbing systems. The heavy lifting has been done. What remains is the interior build-out and final finishes, including interior completion, giving the next owner the ability to step in and drive the final phase of the project.
Each unit offers a strong 2-bedroom layout in a market with consistent rental demand. Utilities are separately metered, including water, helping to control operating expenses. Laundry hookups are already in place, creating additional income potential.
Projected six-figure gross rental income annually at stabilization. This is a project with a defined scope and a clear path to value for an investor willing to execute.
Road Frontage: MainThoroughfare
Roof: Asphalt
StateOrProvince: NY
Stories: 3
Street Name: Kirk
Street Number: 240
Street Number Numeric: 240
Street Suffix: Avenue
Total Taxes: 4237
Assessed Value: 50000
Tenant Pays: AllUtilities
Town: Not Applicable
Utilities: SewerConnected, WaterConnected
Water Source: Connected, Public
Year Built: 1965
YearBuiltDetails: Existing
Amenities and Features
Other Features
Basement Y/N 1
BlacktopDriveway
ElectricWaterHeater
Has Heating System
SeeRemarks
WaterHeater
Virtual Tour
Map
Courtesy Of : eXp Realty
888-276-0630
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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