719 2nd North Street, Syracuse

Description

Excellent investment opportunity! This fully tenant-occupied two-unit multifamily property sits on a corner lot at the intersection of Bear Street and Second North Street, offering convenient access to downtown Syracuse, major highways, shopping, dining, and local amenities.

The property consists of a spacious first-floor 2-bedroom, 1-bath unit currently rented for $1,300 per month and a second-floor studio apartment rented for $900 per month, providing immediate income for the next owner. Both units have been recently updated, enhancing tenant appeal and helping to reduce future turnover and maintenance costs. The property also holds a current rental registry, making it a turnkey addition to any investment portfolio.

Recent improvements include a newer membrane roof on the rear portion of the home, a 2-year-old metal roof on the two-story section, and one water heater that is only 3 years old, helping to minimize future maintenance concerns.

With strong rental income, updated interiors, newer capital improvements, and a highly accessible location, this property presents an outstanding opportunity for both seasoned and first-time investors looking to expand their portfolio.