1038 Wadsworth Street, Syracuse

Description

This amazing duplex features numerous updates and offers excellent income potential. The lower unit has been completely remodeled and is currently vacant, showcasing a spacious 2-bedroom apartment with all new vinyl windows, basement glass block windows, a fully gutted kitchen with white shaker cabinets, high-end granite countertops, tile backsplash, and premium stainless steel appliances including a refrigerator, stove, over-the-range microwave, and dishwasher. While the bathroom has been fully gutted with new plumbing, a brand new tub, custom tile walls and floors, a new vanity and toilet, all accented with sleek black fixtures and finishes. The entire lower unit boasts new luxury vinyl plank flooring, fresh paint, and modern LED light fixtures. The upper unit is currently rented month-to-month for $1,225 and offers 2 bedrooms and 1 full bathrooms, with significant upside once renovated to reach market rent of $1,600+ or more. Both units are separately metered for gas and electric, with tenants paying their own utilities, and each has its own furnace, hot water heater, and separate laundry hookups in the basement. Also included is a washer and dryer for both units. Both units also feature upgraded electrical panels with circuit breakers. This property provides great cash flow opportunities, occupy the fully updated lower unit while the upper unit helps cover the mortgage, or rent the lower unit at current market rates of $1,600 or more for strong returns. Additional highlights include private off-street parking on the driveway and a 2-car garage currently used for storage by the lower tenant. Come take a look at this great opportunity today!