215 Stratford Street, Syracuse

Description

Welcome to 215 Stratford St, a cream of the crop opportunity to own a Syracuse University rental in terrific shape very close to campus! Extensively renovated since 2022 and housing fantastic tenants paying $3500.00 a month in place until 5/27, this investment will surely impress. The main level features a renovated kitchen with giant island, newer stainless appliances including a gas stove, and hardwood floors throughout. There is a family room flanked by a wood burning fireplace, a large dining room, a half bath and a spare room for storage. Upstairs are 4 good sized bedrooms including one with a room connected to it perfect for an office, and a full bath. The finished attic offers a 5th bedroom and a full bathroom. Outside is a small yard with a deck perfect for relaxing, and a long driveway that culminates in a carport. The full basement has a partially finished area, also great for storage. Improvements: Kitchen improvements, interior paint, some appliances, and basement improvements were made in 2022. The front porch was renovated in 2023 as well as some windows as needed and the washer dryer. There is annual maintenance on the mechanicals, annual steam cleaning of the carpets, and fixtures have been updated throughout. This A+ location relative to campus can command more rental income than it is getting, but the quality of the tenants led the landlord to extend them and keep the rent static. This investment is stable, there is no significant deferred maintenance, and it has been managed with care and pride of ownership. The furnace and central air are roughly 7 years old, and the architectural shingle roof is roughly 8 years old. This property is walking distance to Syracuse University but also very close to Upstate, downtown, hospitals and highways. Showings will be 10am-3pm with 24 hours notice preferred. This is a great entry level investment property due to condition and stability, or a great addition to any existing portfolio!