1002 Butternut Street, Syracuse

Description

DFT- Building financing in place and ready to go for new buyer with quick closing possible. Proudly owned, operated, and maintained by a local contractor for over 35 years, this 4-unit building has been meticulously cared for and extensively updated — with over $100,000 in improvements and remodeling within the past 3 years alone.
Two units are currently vacant, allowing for easy showings and offering an ideal owner-occupant opportunity.
Apartment 1 is a spacious 3-bedroom, 1-bath featuring a private front porch, large family room, and eat-in kitchen — rented by the same long-term tenant for over 30 years.
Apartment 2 is a comfortable 1-bedroom, 1-bath with an open kitchen and living room — also occupied by a tenant of more than 20 years.
Apartment 3 is fully remodeled with 3 bedrooms and 1 bath, showcasing a brand-new kitchen, bath, flooring, and appliances, plus a private balcony with composite decking and railings.
Apartment 4 is a newly renovated 1-bedroom, 1-bath with a bright eat-in kitchen and living area.
The property features vinyl siding, replacement windows, a new roof, and all separate utilities.
Bonus: Because two apartments have long-term tenants, rents are currently below market, offering excellent upside potential for increased income.
Easy to rent, easy to show — this is a true turn-key investment opportunity!
*No leases — all tenants are month-to-month.*